ENADE Ciências Contábeis Practice Questions - ENADE Ciências Contábeis - Exame Nacional De Desempenho Dos Estudantes Exam

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Regarding the valuation of interchangeable inventory items under Brazilian accounting standards (CPC 16 R1 / NBC TG 16) and Brazilian corporate tax legislation (Regulamento do Imposto de Renda - RIR/2018), which cost measurement formula is strictly PROHIBITED for both financial reporting and tax purposes?

UEPS / LIFO (Último a Entrar, Primeiro a Sair / Last-In, First-Out). PEPS / FIFO (Primeiro a Entrar, Primeiro a Sair / First-In, First-Out). Custo Médio Ponderado Móvel (Weighted Moving Average Cost). Preço Específico de Identificação (Specific Identification Method).

Correct Answer:

UEPS / LIFO (Último a Entrar, Primeiro a Sair / Last-In, First-Out).

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