Which of the Following Inventory Costing Method Is Not Permitted

question 41

Multiple Choice

Which of the following inventory costing method is not permitted by ASPE and IFRS in Canada?

• A)FIFO.
• B)LIFO
• C)Specific identification method
• D)Weighted average cost method

---

Definitions:

Nuclear Division

The process by which a nucleus divides, resulting in the segregation of the genome to distinct nuclei.

Cytoplasmic Division

The process by which a cell divides its cytoplasm to form two daughter cells, typically occurs during cytokinesis.

G₁ Phase

The first phase of the cell cycle in which the cell grows and prepares DNA synthesis.

G₂ Phase

The phase in the cell cycle that follows DNA synthesis (S phase) and precedes mitosis (M phase); it is a period of growth and preparation for cell division.