## 11. ABC analysis is an inventory control technique in which:

## 12. Which one out of the following is not an inventory valuation method?

## 13. In case of rising prices (inflation), FIFO method will:

## 14. In case of rising prices (inflation), LIFO will:

## 15. "Calculate Re-order level from the following:

Consumption per week: 100-200 units

Delivery period: 14-28 days"

Consumption per week: 100-200 units

Delivery period: 14-28 days"

## 16. "Calculate EOQ (approx) from the following details:

Annual Consumption: 24000 units

Ordering cost: Rs 10 per order

Purchase price: Rs 100 per unit

Carrying cost: 5%"

Annual Consumption: 24000 units

Ordering cost: Rs 10 per order

Purchase price: Rs 100 per unit

Carrying cost: 5%"

## 17. "Calculate the value of closing stock from the following according to FIFO method:

1st January, 20XX: Opening balance: 50 units @ Rs 4

Receipts:

5th January, 20XX: 100 units @ Rs 5

12th January, 20XX: 200 units @ Rs 4.50

Issues:

2nd January, 20XX: 30 units

18th January, 20XX: 150 units"

1st January, 20XX: Opening balance: 50 units @ Rs 4

Receipts:

5th January, 20XX: 100 units @ Rs 5

12th January, 20XX: 200 units @ Rs 4.50

Issues:

2nd January, 20XX: 30 units

18th January, 20XX: 150 units"

## 18. "Calculate the value of closing stock from the following according to LIFO method:

1st January, 20XX: Opening balance: 50 units @ Rs 4

Receipts:

5th January, 20XX: 100 units @ Rs 5

12th January, 20XX: 200 units @ Rs 4.50

Issues:

2nd January, 20XX: 30 units

18th January, 20XX: 150 units"

1st January, 20XX: Opening balance: 50 units @ Rs 4

Receipts:

5th January, 20XX: 100 units @ Rs 5

12th January, 20XX: 200 units @ Rs 4.50

Issues:

2nd January, 20XX: 30 units

18th January, 20XX: 150 units"

## 19. "Calculate the value of closing stock from the following according to Weighted Average method:

1st January, 20XX: Opening balance: 50 units @ Rs 4

Receipts:

5th January, 20XX: 100 units @ Rs 5

12th January, 20XX: 200 units @ Rs 450

Issues:

2nd January, 20XX: 30 units

18th January, 20XX: 150 units"

1st January, 20XX: Opening balance: 50 units @ Rs 4

Receipts:

5th January, 20XX: 100 units @ Rs 5

12th January, 20XX: 200 units @ Rs 450

Issues:

2nd January, 20XX: 30 units

18th January, 20XX: 150 units"

## 20. Cost of abnormal wastage is:

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