Types of Inventory MCQs Questions and Answers PDF Book Download

Types of inventory multiple choice questions (MCQs), types of inventory quiz answers to learn accounting courses online. Master budget and responsibility accounting MCQs, types of inventory quiz questions and answers for business degree online classes. Learn budgets and budgeting cycle, accounting principals, accounting concepts, types of inventory test prep for finance certifications.

Learn master budget and responsibility accounting test MCQs: budget sales, plus target ending finished goods inventory, minus beginning finished goods inventory is equal to, with choices budget production, planned production, setup production, and stand by production for business degree online classes. Practice assessment test for scholarships, online learning types of inventory quiz questions for competitive assessment in business majors for accounting certifications. Types of Inventory Video

MCQ on Types of InventoryQuiz Book Download

MCQ: Budget sales, plus target ending finished goods inventory, minus beginning finished goods inventory is equal to

  1. budget production
  2. planned production
  3. setup production
  4. stand by production

A

MCQ: An inventory, which consists of partially worked goods is called

  1. direct materials inventory
  2. work in process inventory
  3. finished goods inventory
  4. indirect material inventory

B

MCQ: Inventory of final goods that are not yet sold is called

  1. finished goods inventory
  2. indirect material inventory
  3. direct materials inventory
  4. work in process inventory

A

MCQ: An inventory which consists of stock waiting to be used In process of manufacturing is known as

  1. finished goods inventory
  2. indirect material inventory
  3. direct materials inventory
  4. work in process inventory

C

MCQ: In cost accounting, types of inventory do not include

  1. direct materials inventory
  2. work in process inventory
  3. finished goods inventory
  4. indirect material inventory

D