A method of inventory recording which produces high inventories in balance sheet is classified as Options: A . &nbspfirst out receivable B . &nbspfirst in first out C . &nbsplast in first out D . &nbsplast out receivable

A method of inventory recording which produces high inventories in balance sheet

Question

A method of inventory recording which produces high inventories in balance sheet is classified as

Options:

A . first out receivable

B . first in first out

C . last in first out

D . last out receivable

Answer: Option B
Answer: (b).first in first out

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