The most useful inventory costing method which enables purchase price variance analysis is:

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Standard costing is the most useful inventory costing method that enables purchase price variance analysis because it uses predetermined standards for material prices and quantities, which allows for a comparison and analysis of actual costs to expected costs. This helps to identify any variances and their causes, such as changes in purchase prices or material usage, and can aid in making cost-saving decisions for the future. Average costing, LIFO, and FIFO do not provide the same level of analysis and comparison as standard costing.

The Most Useful Inventory Costing Method Which Enables Purchase Price