Prohibited under International Financial Reporting Standards
(IFRS)

A) FIFO
B) LIFO
C) Weighted average

LIFO

"Last In, First Out," an inventory valuation method where the last items to be added to inventory are the first ones used or sold.

FIFO

An inventory valuation method where the first items purchased or produced are the first ones sold, affecting the costs of goods sold and ending inventory.