Under of inventory valuation, the historical cost of inventory is estimated by calculating at selling price and then deducting an amount equal to the estimated gross margin of profit on such stocks

Q. Under of inventory valuation, the historical cost of inventory is estimated by calculating at selling price and then deducting an amount equal to the estimated gross margin of profit on such stocks.

A.            Simple Average Price Method

B.            Weighted Average Price Method

C.            Adjusted Selling Price Method

D.            Market Price Method

Answer: Adjusted Selling Price Method

Take Mock Tests

Government Schemes Mock Test Start Test!
Political Science Mock Test – 42 Start Test
History Test – 190 Start Test
Quantitative Aptitude Test Start Test!
Data Interpretation - Mock Test Start Test!
General Awareness - Mock Test Start Test!
Reasoning Ability - Mock Test Start Test!

We will be happy to hear your thoughts

Leave a reply

Gkseries.com
Logo
Register New Account