Material Costing Methods – Fill In the Blanks
Material abstract is also known as
Material should be used by the store keeper against
First in first out method of valuing material issues is suitable in times of
Last in first out method is suitable in times of
Average cost method of valuing material issues is suitable where
Inflated price method of valuing material issue is suitable when
Specific price method is considered to be the best method when
Market price method is considered to be the best method when
A bill of material serves the purpose of
A bill of material is purposed in cost of a
About the Author
True Tamplin, BSc, CEPF®
True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.
True contributes to his own finance dictionary, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.