Accounting · Material Costing
The Highest In First Out (HIFO) method of material issue is most useful when the:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Price of material is increasing
- 2Price of material is decreasing✓
- 3Price of material is fluctuating
- 4Price of material is stable
Correct answer
Price of material is decreasing
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