Which method of pricing can be used satisfactorily in either rising or falling price situation?...
FINANCIAL
JAMB 2015
Which method of pricing can be used satisfactorily in either rising or falling price situation?
- A. Market price
- B. Average method
- C. FIFO
- D. Standard price
Correct Answer: B. Average method
Explanation
An average method which accommodate all the prices and then divide (inform of mean) is well acceptable in either of the two situation.
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