If prices were to never change,there would be no need for alternative inventory methods.

Name: If prices were to never change,there would be no need for alternative inventory methods.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

If prices never change, then the cost of goods sold (COGS) will remain constant and there would be no need for alternative inventory methods such as LIFO or FIFO. The use of these methods is to account for changes in the costs of goods sold over time, which would not be necessary if prices remain constant.

If Prices Were to Never Change,there Would Be No Need