Question

discuss various method used for pricing of material issue with example ​

Answer 1

Answer:

Here we detail about the following eight methods of pricing of issue of materials: (1) Replacement Cost Method, (2) Fixed Price Method, (3) Standard Price Method, (4) Inflated Price Method, (5) Highest in First Out (HIFO) Method, (6) Next-in-First Out (NIFO) Method, (7) Moving Average Method and (8) Base Stock Method.

Answer 2

Answer:

Methods of Pricing Material Issues -

Following is a list of the various methods of pricing the material issues :

Explanation:

• First In First Out (FIFO) Method.
• Last In First Out (LIFO) Method.
• Simple Average Price Method.
• Weighted Average Price Method.
• Standard price method.
• Specific price method.
• Base stock method.
• Highest in the first-out method.
• Periodic simple average price method.
• Moving simple average price method.
• Moving weighted average method.
• Replacement price method.
• Next in first-out method.
• Re use the price method.