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:Opening balance of Diks company was #12,202, closing…Calculate the price per unit of closing stock using…Determine the value of closing stock using the LIFO methodUsing the simple average method; what is the cost…Calculate the closing stock for the period.