Question

The _____________________method assumes that the goods received most recently in the stores or produced recently are the first ones to be delivered to the requisitioning department .
WACO (Weighted average cost method)
LIFO (Last In First Out)
FIFO (First In First Out)
EOQ (Economic Order Quantity)​

Answer 1

Answer:

I think 'EOQ'...

But I'm not sure cheak at once on Google...

Answer 2

The LIFO method assumes that the goods received most recently in the stores.

• The term LIFO stands for Last In First Out
• This technique of inventory pricing presupposes that when firm sells the commodities, the price of most recent purchases is the first expense that are applied to the cost of goods sold.
• The costs paid for these products are the ones that are then used in further calculations.