ABC Limited
a) Inventory Method:Specific Identification Method
b) Specific reason for choosing this method: We can identify Items which are only 20 and vary in their description and price.
XYZ (Private) Limited
c) Inventory Method:FIFO
d) Specific reason for choosing this method:During Inflation the FIFO will show high profits to the investors.
a) Inventory Method:Specific Identification Method
b) Specific reason for choosing this method: We can identify Items which are only 20 and vary in their description and price.
XYZ (Private) Limited
c) Inventory Method:FIFO
d) Specific reason for choosing this method:During Inflation the FIFO will show high profits to the investors.
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