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<p>A. FIFO Method</p> <p>B. LIFO Method</p> <p>C. Weighted Average Cost Method</p> <p>D. All are permissible</p>
LIFO is not applied with the IFRS.
The explanation is clear: in an inflationist contest, the most cheap article will remain in inventories with this method. In another hand, it increase the cost of the solt articles and influence consequently the result.
B.LIFO. Because if we use this method of pricing ,last consignment value has to adopt even for the outdated stock which the organization carrying in their inventory.
That's why IFRS do not recommend LIFO.
Regards,
Joshi Mathew
CIA #1036906
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