Inventory Management MCQs

The method of regular physical verification of material throughout the year is known as

April 27, 2022

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The method of regular physical verification of material throughout the year is known as

Q. The method of regular physical verification of material throughout the year is known as

A. Periodic stock taking

B. Bin card system

C. Continuous stock taking

D. Stock ledger system

Answer: Continuous stock taking

The method of regular physical verification of material throughout the year is known as

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The method of regular physical verification of material throughout the year is known as

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A company manufactures 5,000 units of a product per month. The cost of placing an order is ₹ 100. The purchase price of the raw material is ₹ 10 per kg. The average consumption of raw material is 275 kg per week. The carrying cost of inventory is 20% per annum. The economic order quantity is___

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