According to FIFO method of inventory evaluation: a. Old merchandise is sold first b. New merchandise is sold first c. Old items remain in inventory d. Average number of goods are sold Question 38 Not yet answered Marked out of 1.00 P Flag question Which one of the following is the benefit for setting manufacturer's suggested retail price? a. Drive the competitors b. Raise prices and earn profits c. Reduce retail price competition d. Increasing the value of the product