Inventory Management MCQs

XYZ Ltd. had 4,000 units of inventory in hand on 1st March 2016, costing ₹ 4 per unit. Purchases and issues of material during the month were as follows

April 27, 2022

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XYZ Ltd. had 4,000 units of inventory in hand on 1st March 2016, costing ₹ 4 per unit. Purchases and issues of material during the month were as follows

Q. XYZ Ltd. had 4,000 units of inventory in hand on 1st March 2016, costing ₹ 4 per unit. Purchases and issues of material during the month were as follows:

The cost of inventory as of 31 st March 2016 under FIFO and weighted average cost method will be

A. ₹ 27,000 and ₹ 24,498

B. ₹ 27,000 and ₹ 23,625

C. ₹ 22,000 and ₹ 23,625

D. ₹ 22,000 and ₹ 24,498

Answer: ₹ 27,000 and ₹ 24,498

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XYZ Ltd. had 4,000 units of inventory in hand on 1st March 2016, costing ₹ 4 per unit. Purchases and issues of material during the month were as follows

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About 50 units are required every day for a machine. A fixed cost of ₹ 50 is incurred for placing an order. The inventory carrying cost per unit amounts to ₹ 0.02 per day. The lead period is 32 days. Economic Order Quantity is

XYZ Ltd. had 4,000 units of inventory in hand on 1st March 2016, costing ₹ 4 per unit. Purchases and issues of material during the month were as follows

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In a situation of rising prices, profit and tax liability would be lower under method than under method of material issue pricing

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