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

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

Answer: B

Explanation:

Reference: https://www-01.ibm.com/support/docview.wss?uid=swg21384733