Inventory Management MCQs

………… represents the unusable loss,which can be sold. It is a residue, which is measurable and has a minor value

April 29, 2022

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………… represents the unusable loss,which can be sold. It is a residue, which is measurable and has a minor value

Q. ………… represents the unusable loss,which can be sold. It is a residue, which is measurable and has a minor value

A. Waste

B. Scrap

C. Spoilage

D. Defective

Answer: Scrap

………… represents the unusable loss,which can be sold. It is a residue, which is measurable and has a minor value

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If small quantities of direct material used in the end product like gums and threads are used in binding books then it may be categorized as

………… represents the unusable loss,which can be sold. It is a residue, which is measurable and has a minor value

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Under which of the following method of inventory valuation, the closing inventory is valued at the lowest possible price?

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