In a period of declining price; which of the following methods would result in higher profit? by Sunday | Dec 3 | Accounting JAMB | 0 comments A. FIFO B. Simple average C. LIFO D. Weighted average Correct Answer: Option A – FIFO Users Also Read These:In order to raise more revenue for a certain period;…A declining population is one in which the population is?The higher the price of capital relative to the…Interest on drawings is 5%, interest on capital is…Consumer buy more of a commodity at a lower price…