Question

_________method at the rate of the lastest purchase cost.​

Answer 1

Answer:

LAST IN FIRST OUT (LIFO) METHOD  Just reverse of FIFO

 Materials are priced in the reverse order of purchases  Assumed to be issued from the last lot and priced at the latest purchase price  Also known as Replacement Cost Method  Suitable when the prices are rising; materials will be issued from the last ...

Answer 2

Answer:

Last-in first out (LIFO) method at the rate of the lastest purchase cost.

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