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In a period of rising prices, which one of the following inventory methods usually provides the best matching of expenses against revenues?

A. Weighted average.

B. First-in, first-out.

C. Last-in, first-out.

D. Specific identification.

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Date Posted: 2015/02/22
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The appropriate method for this case is option C . LIFO method.

Muhammad Aamir Jahangir
by Muhammad Aamir Jahangir , Manager Accounts , AMCORP Engineering and Construction (Pvt) Ltd.

A. Weighted Average ..............................................................................

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