Costing method for stock



What is the most preferable Costing Method for stock??

Lifo, fifo, avg.cost, Monthly Avg.Cost, Std.Cost????

 
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FIFO BASIS
 
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Accountant Tax Consultant

FIFO  is best  method 

 
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yeah FIFO is best method
 
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It depends on many factors. If prices are too fluctuating then the average price method is preferred. FIFO is widely used as it is more logical. If price movements are negligible standard price method is used.

 
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Accountant

FIFO is  best method for costing.

 
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