Inventory Management MCQs

In case of rising prices (inflation), LIFO method will

April 29, 2022

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In case of rising prices (inflation), LIFO method will

Q. In case of rising prices (inflation), LIFO method will:

A. Provide lowest value of closing stock and profit

B. Provide highest value of closing stock and profit

C. Provide highest value of closing stock but lowest value of profit

D. Provide highest value of profit but lowest value of closing stock

Answer: Provide lowest value of closing stock and profit

In case of rising prices (inflation), LIFO method will

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Which one out of the following is not an inventory valuation method?

In case of rising prices (inflation), LIFO method will

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The average annual consumption of material is 20,000 kg at a price of ₹ 2 per kg. The storage cost is 16% on average inventory and the cost of placing one order is ₹ 50. How much is to be purchased at a time?

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