What is the main purpose of a Goods Received Note (GRN)?
A. To confirm the quantity and condition of goods inwards
B. To confirm the correct price has been charged for items received
C. To confirm the name of the member of staff receiving the goods
D. To confirm the quantity and condition of goods dispatched
查看答案
The following information relates to raw material X. Under the LIFO method of inventory valuation, what is the value of the issue on 7 January?
A. $420
B. $350
C. $400
D. $280
The following information relates to raw material X. Under the FIFO method of inventory valuation, what is the value of the issue on 7 January?
A. $420
B. $350
C. $400
D. $280
A company has 200 kilograms of raw material in inventory. 120kg of this inventory has been allocated to a customer order. The company are waiting for delivery of 50kg of material which has been ordered but has not yet been received from the supplier. What is the free inventory?
A. 130kg
B. 30kg
C. 250kg
D. 270kg
An organisation uses the following coding system. Which type of coding system is this?
A. Block
B. Sequential
C. Hierarchical
D. Mnemonic