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 the stock plug plus purchase of less closing…Which of the following methods gives a conservative…Calculate the closing stock for the period.If the opening stock of Ali ltd is N40,000, cost of…Determine the closing stock under LOFO method?