Q212
Which one out of the following is not an inventory valuation method?
A.
FIFO
B.
LIFO
C.
Weighted Average
D.
EOQ
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
EOQ is not an inventory valuation method. Economic order quantity (EOQ) is the ideal order quantity a company should purchase for its inventory given a set cost of production, a certain demand rate, and other variables.