Under of inventory valuation, the historical cost of inventory is estimated by calculating at selling price and then deducting an amount equal to the estimated gross margin of profit on such stocks

Q. Under of inventory valuation, the historical cost of inventory is estimated by calculating at selling price and then deducting an amount equal to the estimated gross margin of profit on such stocks.

A.            Simple Average Price Method

B.            Weighted Average Price Method

C.            Adjusted Selling Price Method

D.            Market Price Method

Answer: Adjusted Selling Price Method