Question

The method of inventory valuation that assumes that the most recently purchased items are the first to be sold is called:

A FIFO (First-In, First-Out)
B LIFO (Last-In, First-Out)
C Weighted Average Cost
D Specific Identification
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)