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Which is not one of the three basic methods to calculate the value of inventory?

A. The average cost method
B. The estimate cost method
C. The first-in, first-out method
D. The last-in, first-out method

Sagot :

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Final answer:

The estimate cost method is not one of the three basic methods to calculate the value of inventory.


Explanation:

The estimate cost method is not one of the three basic methods to calculate the value of inventory. The three basic methods are average cost method, first-in, first-out method (FIFO), and last-in, first-out method (LIFO). The estimate cost method is not commonly used in inventory valuation as it involves estimation rather than actual cost data.


Learn more about Inventory valuation methods here:

https://brainly.com/question/37451698


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