Question

under periodic inventory system, closing stock is valued _______? ​

Answer 1

Explanation:

Closing stock valuation methods

Average costing method. Weighted Average costing method. Moving Average costing method.

FIFO costing method.

LIFO costing method.

Last purchase cost.

Costing method.

At zero Cost.

Answer 2

Answer:

The periodic inventory system is a method of inventory valuation for financial reporting purposes in which a physical count of the inventory is performed at specific intervals.