In the situation of increasing prices, the valuation of closing stock is more under:

Related MCQs

• From the following information, find out purchases when raw material consumed is 26,500; Closing stock 4,500 and opening stock 3,000.
• When re-ordering level is 200 units, minimum usage is 20 units, minimum lead time is 5 days, maximum stock is 400 units then re-ordering quantity will be:
• The costs are differentiated between fixed and variable costs under