What costing method should be used if the receipt cost of items that are the newest in stock is required?

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What costing method should be used if the receipt cost of items that are the newest in stock is required?
A . LIFO
B . FIFO
C . Average
D . Standard

Answer: A

Explanation:

Reference: http://www.ibm.com/support/knowledgecenter/SSLKT6_7.5.0/com.ibm.mam.doc/glossary/ glossary.html