Inventory Management MCQs

In case of rising prices, the FIFO method will provide

April 27, 2022

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In case of rising prices, the FIFO method will provide

Q. In case of rising prices, the FIFO method will provide –

A. Lowest value of closing stock and profit

B. Highest value of closing stock and profit

C. Highest value of the closing stock but the lowest value of profit

D. Lowest value of the closing stock but highest value of profit

Answer: Highest value of closing stock and profit

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In case of rising prices, the FIFO method will provide

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A company requires 1,500 units, of an item per month. The cost of each unit is Rs. 30. The cost of placing an order is Rs. 200 and the material carrying charges work out to be 20% of the average material. The economic order quantity (EOQ) is

In case of rising prices, the FIFO method will provide

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In a company, the weekly minimum and maximum consumption of Material-A is 25 and 75 units respectively. The re-order quantity as fixed by the company is 300 units. The material is received within 4 to 6 weeks from the issue of supply order. The maximum level of Material-A is

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