Inventory Management MCQs

FIFO method of valuing material issues is suitable in times of

April 27, 2022

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FIFO method of valuing material issues is suitable in times of

Q. FIFO method of valuing material issues is suitable in times of__

A. Rising prices

B. Falling prices

C. Price fluctuation

D. Boom period

Answer: Falling prices

FIFO method of valuing material issues is suitable in times of

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Which one of the following statements is true in ABC classification of materials?

FIFO method of valuing material issues is suitable in times of

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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

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