yeseniacgonza
Answered

Select the best answer for the question.

Which is not one of the three basic methods to calculate the value of inventory?

A. The average cost method

B. The estimate cost method

C. The first-in, first-out method

D. The last-in, first-out method



Answer :

GinnyAnswer

Final answer:

The estimate cost method is not one of the three basic methods to calculate inventory value, which are the average cost method, FIFO, and LIFO.


Explanation:

The estimate cost method is not one of the three basic methods to calculate the value of inventory. The other methods are the average cost method, the first-in, first-out method (FIFO), and the last-in, first-out method (LIFO). The estimate cost method involves estimating costs rather than directly calculating them based on specific inventory flow assumptions.


Learn more about Inventory Valuation here:

https://brainly.com/question/32379785


Other Questions