Types of Inventory MCQs Quiz Online PDF Download

Learn types of inventory MCQs, cost accounting test for online courses learning and test prep to practice. Master budget and responsibility accounting quiz has multiple choice questions (MCQ), types of inventory quiz questions and answers to learn for MBA entrance exam.

Cost accounting practice test MCQ on budget sales, plus target ending finished goods inventory, minus beginning finished goods inventory is equal to with options budget production, planned production, setup production and stand by production problem solving skills for viva, competitive exam prep, interview questions with answer key. Free study guide is for online learning types of inventory quiz with MCQs to practice test questions with answers. Types of Inventory Video

MCQs on Types of Inventory Quiz PDF 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