The principle types of inventories are raw materials and ,…............and finished goods

Related MCQs

• 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?
• Where raw material is to pass certain stages, before it is converted into finished goods, the method of costing used is…………………
• Under marginal costing, stocks of finished goods and work-in-process are valued at …………….. costs only
• Expenses incurred during production other than direct materials and direct labour are called…………..factory expenses; those charged to production on estimated basis are called …………….
• Materials purchase budget is prepared on the basis of .
• LIFO method of pricing of materials is more suitable when.
• Principle’ for preparation of working capital statement -Increase in current asset .
• Principle’ for preparation of working capital statement - Decrease in current asset .
• Principle’ for preparation of working capital statement -Increase in current liability .
• Principle’ for preparation of working capital statement -Decrease in current Liability .