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26/10/2022 8:20 am
What costing method should be used if the receipt cost of items that are the newest in stock is required?
- A . LIFO
- B . FIFO
- C . Average
- D . Standard
Suggested Answer: A
Explanation:
Reference: http://www.ibm.com/support/knowledgecenter/SSLKT6_7.5.0/com.ibm.mam.doc/glossary/ glossary.html
Explanation:
Reference: http://www.ibm.com/support/knowledgecenter/SSLKT6_7.5.0/com.ibm.mam.doc/glossary/ glossary.html