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 closing stock under FIFO method?If the opening stock of Ali ltd is N40,000, cost of…If a company values its stock in the period of…Determine the value of closing stock using the LIFO methodIn the period of rising prices; which method of…SEE ALSO Determine the provision for bad debts to profit and loss account?