The method of stock valuation in which the issue price is obtained by dividing the value of stock in hand by unit of stock in hand is
A
FIFO
B
LIFO
C
SAP
DWAP
Answer is D
Under Weighted Average Price (WAP) issues are priced at a weighted average price which is determined by dividing the value by the unit of stock in hand. Issues will continue to be priced at this price until a new batch is received when a new weighted average price is calculated.
