When Valuing Inventory for a Business Sale, the Most Common

Multiple Choice

When valuing inventory for a business sale, the most common methods used are:

A) first-in-first-out (FIFO) and last-in-first-out (LIFO) .
B) first-in-first-out (FIFO) and average costing.
C) cost of last purchase and replacement value of inventory.
D) cost of last purchase and average costing.