Inventory Management MCQs

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

April 29, 2022

12 Views

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

Previous

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

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

Next

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?

Related Articles

A publishing house purchases 2,000 units of a particular item per year at a unit cost of ₹ 20

A publishing house purchases 2,000 units of a particular item per year at a unit cost of ₹ 20. The ordering cost per order is ₹ 50 and the inventory carrying cost is 25%. How will be the total cost if company decides to buy in EOQ?

A manufacturer requires 9,600 units of a certain component annually

A manufacturer requires 9,600 units of a certain component annually. This is currently purchased from a regular supplier at ₹ 50 per unit. The cost of placing an order is ₹ 60 per order and the annual carrying cost is ₹ 5 per price. Annual ordering plus carrying cost = ?

The annual demand of a certain component bought from the market is 1,000 units

The annual demand of a certain component bought from the market is 1,000 units. The cost of placing an order is ₹ 60 and the carrying cost per unit is ₹ 3 p.a. The Economic Order Quantity for the item is ?

Cost of abnormal wastage is

Cost of abnormal wastage is

We will be happy to hear your thoughts

Leave a reply Cancel reply

You must be logged in to post a comment.