Where raw material is to pass certain stages, before it is converted into finished goods, the method of costing used is…………………

Related MCQs

• The method of costing applied in biscuit industries is ………….costing and in steel industry………….costing.
• The principle types of inventories are raw materials and ,…………and finished goods
• The costing method which can be used in industry where the product pass through different processes is known as______.
• The method of costing used in a refinery is……………..costing.
• Entry under Integrated system for : Transfer of goods completed from production to finished goods
• Which materials do not normally form a past of 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?
• Process costing is also known as……………….costing.
• Operating costing is also known as ……………..costing.
• ………………..costing is a type or technique of costing.