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Characteristic???????????????????????????????????????????????????????????????????????????? ?? ?? FIFO??????????LIFO?????????AVCO

Potentially out of date valuation on issues.??????????????????????????????????????? 對

The valuation of inventory rarely reflects the actual????????????????????????????????????????????????????????????? 對

purchase price of the material.???

Potentially out of date closing in ventory valuation.??????????????????????????????????????????? 對???

This inventory valuation method is particularly suited?????????????????????????????????????????????????????????? 對

to inventory that consist of liquid materials e.g. oil.???

This inventory valuation method is particularly suited??????????????????? 對

to inventory that has a short shelf life e.g. dairy products.???

This inventory valuation method is suited to a wheat farmer?????????????????????????????? 對

who has large silos of grain. Grain is added to and taken from

the top of these silos.???

In times of rising prices this method will give higher profits.?????????? 對???

In times of rising prices this method will give lower profits.??????????????????????????????? 對

In times of rising prices this method gives a middle level of??????????????????????????????????????????????????? 對

profits compared to the other two.???

Issues are valued at the most recent purchase cost.???????????????????????????????????????? 對??

Inventory is valued at the average of the cost of purchases.????????????????????????????????????????????????? 對

Inventory is valued at the most recent purchase cost.?????????????????? 對