In periods of rising prices, which inventory method yields the highest gross profit?
بڑھتی ہوئی قیمتوں کے ادوار میں، کون سا انوینٹری طریقہ سب سے زیادہ مجموعی منافع دیتا ہے؟
Answer: FIFO
Explanation
In periods of rising prices, FIFO (First-In, First-Out) yields the highest gross profit because:
- Older, lower-cost inventory is sold first
- Cost of goods sold is lower
- Gross profit is higher
This question appeared in
Past Papers (2 times)
OG iii Officer Grade III Past Papers (1 times)
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