题目内容

Which one of the following members of staff is most likely to raise a materials requisition note?

A. Production manager
B. Management accountant
C. Warehouse manager
D. Purchasing manager

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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

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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

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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

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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

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Which one of the following members of staff is most likely to raise a materials requisition note?

A. Production manager B. Management accountant C. Warehouse manager D. Purchasing manager

What is the main purpose of a Goods Received Note (GRN)?

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?

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 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. Production manager
B. Management accountant
C. Warehouse manager
D. Purchasing manager