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

Which method of pricing can be used satisfactorily in either rising or falling price situation?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Market price
  • B Average method
  • C FIFO
  • D Standard price
Correct Answer: Option 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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