![In an inflationary situation, which system of inventory valuation shows higher profits](https://www.gkseries.com/blog/wp-content/uploads/2022/04/In-an-inflationary-situation-which-system-of-inventory-valuation-shows-higher-profits.png)
Q. In an inflationary situation, which system of inventory valuation shows higher profits
A. LIFO
B. FIFO
C. HIFO
D. Weighted average
Answer: FIFO
A. LIFO
B. FIFO
C. HIFO
D. Weighted average
Answer: FIFO
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