快速查题-ACCA英国注册会计师试题

Which TWO of the following statements describe the information a Goods Received Note (GRN) provides?

Which TWO of these documents are matched with the goods received note in the buyingprocess?

At 31 March which of the following closing inventory valuations using LIFO is correct?

Based on the data above, what is the maximum inventory level?

Which of the following documents would be completed in each situation? 

                                    Material Requisition         Purchase Requisition         Goods received note          Goods returned note

Material returned to                                                                                                                                           

stores from production    

Form completed by the

stores department detailing

inventory requirements    

Materials returned to supplier    

                                    Materials Requisition          Purchase Requisition           Goods received note       Goods returned note

Form completed by

stores on receipt of goods    

Form completed by

production detailing inventory requirements.    

The following represent transactions on the material account for a company for the month of March 20X8:

                                              $000s

Issued to production              144

Returned to stores                   5

The material inventory at 1 March 20X8 was $23,000 and at 31 March 20X8 was $15,000. How much material was purchased in March 20X8?

                       $   O

Your firm values inventory using the weighted average cost method. At 1 October 20X8, there were 60 units in inventory valued at $12 each. On 8 October, 40 units were purchased for $15 each, and a further 50 units were purchased for $18 each on 14 October. On 21 October, 75 units were sold for $1,200.

What was the value of closing inventory at 31 October 20X8?

         $     O

Data relating to a particular stores item are as follows:Average daily usage

Maximum daily usage

Minimum daily usage

Lead time for replenishment of inventory

Reorder quantityWhat is the reorder level (in units) that avoids inventory stockouts?400 units 520 units 180 units 10 to 15 days 8,000 units

                                                  units   O