Question

State whether the following statements are true/false: 1 LIFO method of pricing of materials is more suitable when material prices are rising 2 Average method of pricing the material issues is useful when 3 ABC analysis is Always Better Control

A 1 False; 2 False; 3 True Correct Answer Incorrect Answer
B 1 True; 2 True; 3 False Correct Answer Incorrect Answer
C 1 True; 2 False; 3 True Correct Answer Incorrect Answer
D 1 False; 2 True; 3 True Correct Answer Incorrect Answer
E 1 True; 2 True; 3 True Correct Answer Incorrect Answer

Solution

The correct answer is C

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