Which of the following inventory valuation method/s is/are less suited to cost control?

A) Weighted average costs
B) First in first out cost
C) Standard costs
D) Weighted average costs AND standard costs

Inventory Valuation Method

Techniques used to assess the cost of a company's inventory which can include FIFO (First-In-First-Out), LIFO (Last-In-First-Out), and weighted average methods.

Cost Control

The process of monitoring and regulating the expenses of a business to adhere to budgets and optimize profitability.

Standard Costs

Estimated expenses for materials, labor, and overhead that a company aims to achieve for its products or services.