Question

the
Inventories
may
be valued
methods
by options 1. stright2.none of these 3.written down 4.different
​

Answer 1

Answer:

Different methods

Explanation:

There are three methods for inventory valuation: FIFO (First In, First Out), LIFO (Last In, First Out), and WAC (Weighted Average Cost).

In FIFO, you assume that the first items purchased are the first to leave the warehouse. In other words, whenever you make a sale, under FIFO, the items will be subtracted from the first list of products which entered your store or warehouse.

In LIFO, you make the opposite assumption: that the last items that enter your store are the first ones to leave.

The WAC method uses the item’s average cost throughout the year. The average cost per unit is calculated by dividing the total cost by the total number of units purchased during the year.