What costing method should be used if the receipt cost of items that are the newest in stock is required?

What costing method should be used if the receipt cost of items that are the newest in stock is required?
A . LIFO
B . FIFO
C . Average
D . Standard

View Answer

Answer: A

Explanation:

Reference: http://www.ibm.com/support/knowledgecenter/SSLKT6_7.5.0/com.ibm.mam.doc/glossary/ glossary.html