The principle types of inventories are raw materials and ,…………and finished goods

Related MCQs

• Where raw material is to pass certain stages, before it is converted into finished goods, the method of costing used is…………………
• Which materials do not normally form a past of finished goods: -
• Entry under Integrated system for : Transfer of goods completed from production to finished goods
• A company has the following budget for the six month: Finished product Materials Sales - 7,000 units Usage per unit - 3 kg Production units - 7200 units Opening stock - 400 kg Closing stock - 500 kg What is the material purchase budget for the month?
• Purchase of raw materials of Rs. 1,000 on credit. Under Integrated Accounts, the transaction will appear as
• In this technique of selective control, materials are analysed according to their value so that costly and more valuable materials are given greater attention and care
• A technique of inventory control where materials are analyzed according to their values so that costly and more valuable materials are given greater attention and care.
• . This is a level at which normal issues of materials are stopped and urgent action is taken for procurement of materials
• If re-ordering level is 450 units while consumption of materials are 25-27 units and materials are received within 4-6 weeks, the minimum level will be
• Method of pricing materials issued which is based upon the assumption that materials which are purchased first are issued first.