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Which method of pricing can be used satisfactorily in either rising or falling p...


Question

Which method of pricing can be used satisfactorily in either rising or falling price situation?

Options

A)
Market price
B)
Average method
C)
FIFO
D)
Standard price

The correct answer is B.

Explanation:

An average method which accommodate all the prices and then divide (inform of mean) is well acceptable in either of the two situation.

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