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According to the GAM for NGAs, this shall be used for large numbers of items of inventory that are ordinarily interchangeable Specific Identification FIFO Weighted

According to the GAM for NGAs, this shall be used for large numbers of items of inventory that are ordinarily interchangeable

  1. Specific Identification
  2. FIFO
  3. Weighted average cost applied in a periodic inventory system
  4. Weighted average cost applied in a perpetual inventory system
  5. Any of these as a matter of accounting policy choice

ASAP , pls It will be appraised.

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