WAEC Book Keeping 2025 Objective — Question 14
Question 14 of 42 from the West African Examinations Council (WAEC) Book Keeping 2025 Objective paper, with the correct answer and a full explanation.
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An advantage of the FIFO method of stock valuation is that:
- A. Product cost reflects current price
- B. It is cumbersome to operate
- C. It is easy to understand and operateCorrect
- D. It allows for deterioration
Explanation
FIFO (First-In, First-Out) is simple and logical, making it easier to understand and operate than several other stock valuation methods.
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