Cost of goods available for sale can be calculated by:

Related MCQs

• The weighted average method divides the cost of goods available for sale by the number of units:
• Classification of cost into factory cost, administrative cost, selling & distribution cost and research and development cost is done on the basis of…………...
• 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 term…………………. is comprehensively used to include various aspects such as costing, cost accounting, cost control, cost audit and budgetary control.
• Every……………of cost is divided into direct cost and indirect cost.
• ………………cost is predetermined cost for each element of cost.
• Average stock level can be calculated as
• The expenses which can be directly charged to jobs, products, processes, cost centers or cost units is termed as
• The expenses which can be identified with and allocated to cost centers and cost units are termed as……………..
• The overhead cost incurred from the stage of procurement of raw material till the stage of production of finished goods is known as…… .