Inventory Management MCQs

Wood used in production of tables and chairs, steel bars used in steel factory etc are the examples of

April 29, 2022

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Wood used in production of tables and chairs, steel bars used in steel factory etc are the examples of

Q. Wood used in production of tables and chairs, steel bars used in steel factory etc are the examples of

A. Indirect material

B. Direct material

C. Fixed material

D. All of the above

Answer: Direct material

Wood used in production of tables and chairs, steel bars used in steel factory etc are the examples of

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Which of the following method is based on the assumption that, latest consignment of materials or goods manufactured are exhausted first and the closing stock is valued at the cost of earliest lot in hand?

Wood used in production of tables and chairs, steel bars used in steel factory etc are the examples of

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