IBM
C2010-595 · Question #164
An inventory manager wants to track the cost of items in a storeroom and wants to use the cost for the most recently purchased items when issued. Which costing method represents this requirement?
The correct answer is A. LIFO. See the full explanation below for the reasoning.
Question
An inventory manager wants to track the cost of items in a storeroom and wants to use the cost for the most recently purchased items when issued. Which costing method represents this requirement?
Options
- ALIFO
- BFIFO
- CAverage
- DStandard
How the community answered
(32 responses)- A75% (24)
- B3% (1)
- C13% (4)
- D9% (3)
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