An inventory pricing procedure in which the oldest costs incurred rarely have an effect on the ending inventory valuation is:

Business

1 answer:

laila [671]3 years ago

5 0

Answer:

First in, first out (FIFO)

Explanation:

In FIFO, the assets produced or acquired first are sold, used or disposed of first and may be used by an individual or a corporation. So , since the newer costs are more relevant , the oldest cost won't affect the ending valuation.

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