ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not a standard methods of inventory valuation
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Fifo
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Standard cost
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Average pricing
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Realizable value
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Explanation:
Detailed explanation-1: -D. Realizable value is the sale price of an asset and not the method of inventory valuation.
Detailed explanation-2: -The four main inventory valuation methods are FIFO or First-In, First-Out; LIFO or Last-In, First-Out; Specific Identification; and Weighted Average Cost.
Detailed explanation-3: -There are three methods for inventory valuation: FIFO (First In, First Out), LIFO (Last In, First Out), and WAC (Weighted Average Cost).
There is 1 question to complete.