……………………method of pricing material issues provides a better matching of current costs with current revenues.

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.
• …………………… method of pricing issues follows the principle that material received first are issued first.
• Under…………… method of pricing material issue the value of closing stock represents the current market price.
• Under the…………. method of pricing issues, stock is valued at historical price.
• When material prices fluctuate widely the method of pricing that gives a best result in
• Simple average method is based on the principle that materials issues should be valued at ………… average price.
• …………………..does not deal with the accumulation, classification, analysis, allocation, summarization, interpretation, reporting and control of current and perspective costs.
• The branch of accounting dealing with the classification, recording, allocation, summarization and reporting of current and prospective costs is known as
• Weighted average cost method produces different allocation of inventory costs in periodic and perpetual inventory system?
• …………..is the system of costing under which costs are determined after they have been incurred.