____________ may be valued on a FIF basis in cost accouts and LIFO basis in financial accounts.

Related MCQs

• If there is increase in the size of inventory orders, total annual ordering cost will ____________
• The distribution of overheads alloted to particular department or cost center over the units produced is called _____________
• Prime cost + Over heads = __________
• A cost unit is _____________
• The variables production overheads shall be absorbed in production cost based on ______________ capacity
• Indirect cost are known as ______
• Which of the following bases is not a appropriate for apportionment of transport department cost ?
• Labour costs __________Salaries and wages paid to temporary employees.
• The document which is prepared after receiving and inspecting material _____________