Under which method of inventory costing, a pre-determined cost is assigned to all items of inventory? Options: A . &nbspReplacement cost method B . &nbspStandard cost method C . &nbspAVCO or average cost D . &nbspFIFO method

Under which method of inventory costing, a pre-determined cost is assigned to al

Question

Under which method of inventory costing, a pre-determined cost is assigned to all items of inventory?

Options:

A . Replacement cost method

B . Standard cost method

C . AVCO or average cost

D . FIFO method

Answer: Option B

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