under this method it is assumed that the units are issued at a random order
Answers
The methods under which it is assumed that the units are issued at a random order:
• FIFO and LIFO accounting are inventory management and financial accounting procedures that involve the amount of money a corporation must keep in the inventory of manufactured goods, raw materials, parts, components, or feedstocks.
• They're utilised to handle inventory expenses, stock repurchases (if purchased at different prices), and a variety of other accounting functions.
• When determining inventory costing methods, apply the following equation:
Inventory=displaystyle text beginning Inventory Balance+textPurchased (or Manufactured)
Answer:
yhe inventory costing method that is base on the assumption that cost should br charges revune order in which they in chart is