Name the method of inventory accounting in which the oldest remaining – McqOptions

MCQOPTIONS

1.	Name the method of inventory accounting in which the oldest remaining items are assumed to have been first sold ?
A.	FIFO (first in first out)
B.	LAFO (last in first out)
C.	First come First serve
D.	None of these
Answer» B. LAFO (last in first out)

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