Average method of pricing the material issues is useful when .

Related MCQs

• Average cost method of valuing material issues is suitable when………….
• Material consumed is Rs. 5,00,000 Opening stock of raw material is Rs. 50,000 and Closing stock of raw material is Rs. 25,000. What is the cost of raw material purchased?
• First in first out method of valuing material issues is suitable in times of…………
• Inflated price method of valuing material issues is suitable when…………
• LIFO method of pricing of materials is more suitable when.
• ……….represents that quantity of material which is normally ordered when a particular material reaches reordering level.
• Specific price method of valuing material issue is used when………….
• Where raw material is to pass certain stages, before it is converted into finished goods, the method of costing used is…………………
• Market price method is considered to be the best method when…………..
• Classification of cost is useful .