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?

Related MCQs

• Opening stock + purchases + direct expenses – closing stock =
• Expected sales + desired closing stock – estimated opening stock = .
• Inventory turnover ratio = Cost of inventory consumed during theperiod ÷ Cost of ....................................................held during the period
• In production budget closing stock is added with .
• In production budget opening stock is deducted with .
• …….budget may be classified into material cost budget, labour cost budget and overhead budget.
• ………is a technique of material cost control which leads to low carrying cost as a result of low investment in inventory
• Stock control through stock levels and EOQ is called .
• Where raw material is to pass certain stages, before it is converted into finished goods, the method of costing used is…………………
• Cost centre and cost unit are……………………