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ABC Ltd. has purchased and issued the material 'EXE' in the following order. Which of the methods of pricing issue of materials would you recommend

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ABC Ltd. has purchased and issued the material 'EXE' in the following order. Which of the methods of pricing issue of materials would you recommend in the above case? (It is to be noted that the prices of the material EXE are rising) Ascertain the quantity of closing stock as on 31st December and state what will be its value (in each case), if issues are made under the method recommended by you. Explain the merits and demerits of the particular method

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