Question: There are various methods available to measure the cost of inventory: Unit cost. FIFO (first-in, first-out). LIFO (last-in, last-out). Weighted average cost. Which of these methods is permissible for measuring cost in IAS 2: Inventories? Solution A. FIFO and weighted average cost only. B. FIFO and LIFO only. C. Unit cost, FIFO and weighted average cost only. D. Unit cost, FIFO, LIFO and weighted average cost.