During the time of inflation, which method of pricing of material issues leads to a higher material costs for a job?

CS Executive · Cost and Management Accounting · PYQS · December 2018
During the time of inflation, which method of pricing of material issues leads to a higher material costs for a job?
(A) First in first out method
(B) Last in first out method
(C) Highest in first out method
(D) Standard pricing method

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Material Costing

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