Angeliquegrace6226 Angeliquegrace6226
  • 05-09-2019
  • Business
contestada

An inventory pricing procedure in which the oldest costs incurred rarely have an effect on the ending inventory valuation is:

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federico1636
federico1636 federico1636
  • 09-09-2019

Answer:

First in, first out (FIFO)

Explanation:

In FIFO,  the assets produced or acquired first are sold, used or disposed of first and may be used by an individual or a corporation. So , since the newer costs are more relevant , the oldest cost won't affect the ending valuation.

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