Question
Closing stock is valued at the oldest stock price in
which among the following methods of valuation of inventory?Solution
Under LIFO method, the materials purchased last are to be issued first when material requisition is received. Closing stock is valued at the oldest stock price.
More Alternate Sources of Finance Questions
What will come in place of the question mark (?) in the following series?
80, 83, 88, 95, 106, ?
What will come in place of (?) Question mark in the given number series.
500, 489, 467, 434, 390, 335, ?
945, 1890, ?, 504, 144, 32
8, 12, 20, 32, 52, ?, 136
6, 7, 15, 46, 185, ?
1221,     1100,     1000,     919,       ?
...1029, 1030, 1039, 1064, ?, 1194
38, 41, 50, ?, 158, 401Â
18, 21, 45, 138, 555, ?
9 10 36 333 ? 132825
...
