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During the time of inflation, the method of pricing of material issue which leads to a lower material cost for a job is

During the time of inflation, the method of pricing of material issue which leads to a lower material cost for a job is

Q. During the time of inflation, the method of pricing of material issue which leads to a lower material cost for a job is:

A.            FIFO

B.            LIFO

C.            HIFO

D.            Standard Pricing Method

Answer: FIFO

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