Average stock level can be calculated as

Related MCQs

• The average stock level is………….. units if the maximum stock level is 2475 units and the minimum stock level is 855 units.
• …………………….is a buffer stock level or safety stock level under which the stock should not be allowed to fall.
• Under……………… method of pricing issues, issues are valued at a price calculated by dividing the total cost of material in the stock by the total quantity of material in stock.
• The minimum stock level is calculated as
• ‘Buffer stock’ is the level of stock
• Re-ordering level is calculated as
• If WIP opening stock is 10,000 units, work done in the period is 13,000 and WIP closing stock is 5,000 units. The equivalent completed unit during the period is:
• US GAAP allows FIFO, LIFO and Weighted average method to value stock?
• Simple average method is based on the principle that materials issues should be valued at ………… average price.
• The stock level at which the storekeeper initiates purchase requisitions is known as………….