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    Question

    State whether the following statements are true/false:

    1 LIFO method of pricing of materials is more suitable when material prices are rising

    2 Average method of pricing the material issues is useful when

    3 ABC analysis is Always Better Control

    A 1 False; 2 False; 3 True Correct Answer Incorrect Answer
    B 1 True; 2 True; 3 False Correct Answer Incorrect Answer
    C 1 True; 2 False; 3 True Correct Answer Incorrect Answer
    D 1 False; 2 True; 3 True Correct Answer Incorrect Answer
    E 1 True; 2 True; 3 True Correct Answer Incorrect Answer

    Solution

    The correct answer is C

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