Inventory Management MCQs

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

April 27, 2022

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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

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

A. FIFO; LIFO

B. LIFO; FIFO

C. LIFO; Average

D. FIFO; Average

Answer: LIFO; FIFO

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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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

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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The following information is given for Component ‘A’. The following information is given for Component ‘A’

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