In a period of inflation; which of the following method normally gives a closing stock? By: Sunday|Published on: Dec 5|Categories: Accounting JAMB| 0 comments A. FIFO B. LIFO C. Simple average D. periodic simple average Correct Answer: Option A – FIFO Users Also Read These:Calculate the price per unit of closing stock using…Using the simple average method; what is the cost…If the opening stock is Le200, cost of goods sold…If a company values its stock in the period of…Calculate the closing stock under FIFO method?SEE ALSO The accumulation fund of a non-trading concern can equally be referred to as?