Simple average method is based on the principle that materials issues should be valued at ………… average price.

Related MCQs

• 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.
• Under the…………. method of pricing issues, stock is valued at historical price.
• …………………… method of pricing issues follows the principle that material received first are issued first.
• Weighted average method is a generally accepted accounting principle?
• ……………………method of pricing material issues provides a better matching of current costs with current revenues.
• Under…………… method of pricing material issue the value of closing stock represents the current market price.
• Purchase…………..is to be prepared to know what to buy, what should be the quantity, quality and price.
• The weighted average method divides the cost of goods available for sale by the number of units:
• Weighted average cost method produces different allocation of inventory costs in periodic and perpetual inventory system?
• In a perpetual inventory system, the weighted average cost method is called: