In a period of inflation; which of the following method normally gives a closing stock? by Sunday | Dec 5 | Accounting JAMB | 0 comments A. FIFO B. LIFO C. Simple average D. periodic simple average Correct Answer: Option A – FIFO Users Also Read These:If the opening stock is Le200, cost of goods sold…Which of the following methods gives a conservative…Opening the stock plug plus purchase of less closing…Using the simple average method; what is the cost…Opening balance of Diks company was #12,202, closing…