Which of the following methods gives a conservative closing stock value during a period of rising prices? by Sunday | Dec 4 | Accounting JAMB | 0 comments A. LIFO B. FIFO C. Simple average D. Periodic simple average Correct Answer: Option A – LIFO Users Also Read These:The cost of goods sold divided by the average stock…If the opening stock of Ali ltd is N40,000, cost of…If the opening stock is Le200, cost of goods sold…If a company values its stock in the period of…XYZ Ltd's total sales was #100,000. It had opening…