Which one of the following is not a method of assigning costs to the ending inventory and cost of goods sold?

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SREEDEVI SUNILKUMAR
13-April-2014

A) FIFO

B) LIFO

C) Average cost

D) Specific identification method

E) None

Accounting Cost Accounting Financial Accounting Financial Management

Question added by Ahmed Abdi Mahad , Director of Internal Auditing Directorate , Jigjiga University
Date Posted: 2015/05/08

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1 Answers

by Saidul Alam , Accountant , Akhtar Al Balushi Trad. & Cont. L.L.C

Option D , because all other are the method of inventory calculation, although LIFO method is not applicable now.

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