{"id":104979,"date":"2022-04-29T11:10:50","date_gmt":"2022-04-29T05:40:50","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=104979"},"modified":"2022-04-29T11:10:51","modified_gmt":"2022-04-29T05:40:51","slug":"under-which-of-the-following-method-of-inventory-valuation-the-closing-inventory-is-valued-at-the-lowest-possible-price","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/under-which-of-the-following-method-of-inventory-valuation-the-closing-inventory-is-valued-at-the-lowest-possible-price\/","title":{"rendered":"Under which of the following method of inventory valuation, the closing inventory is valued at the lowest possible price?"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><strong>Q. Under which of the following method of inventory valuation, the closing inventory is valued at the lowest possible price?<\/strong><\/h3>\n\n\n\n<p>A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Standard cost method<\/p>\n\n\n\n<p>B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted selling price method<\/p>\n\n\n\n<p>C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Specific identification method<\/p>\n\n\n\n<p>D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest-in-first-out method<\/p>\n\n\n\n<p>Answer: Highest-in-first-out method<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Under which of the following method of inventory valuation, the closing inventory is valued at the lowest possible price?<\/p>\n","protected":false},"author":419,"featured_media":104980,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3993],"tags":[],"offerexpiration":[],"class_list":["post-104979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-inventory-management-mcqs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/104979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/419"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=104979"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/104979\/revisions"}],"predecessor-version":[{"id":104981,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/104979\/revisions\/104981"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/104980"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=104979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=104979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=104979"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=104979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}