The inventory of the final goods that are not yet sold is called __________?

Related Mcqs:

1. The budget sales, plus target ending finished goods inventory, minus beginning finished goods inventory is equal to ___________?

   A. budget production
   B. planned production
   C. setup production
   D. stand by production

2. The cost of manufactured goods is added into beginning inventory, and the amount equal to cost of sold goods are added into ___________?

   A. minus beginning inventory
   B. minus ending inventory
   C. plus ending inventory
   D. plus beginning inventory

3. The sum of beginning work in process inventory units and started units, is subtracted from the sum of ending work in process inventory units and transferred out units of goods, to calculate ____________?

   A. Gross weighted spoilage
   B. inventoriable spoilage
   C. partial spoilage
   D. total spoilage

4. In an income statement, when costs become cost of sold goods and manufactured products are sold, such costs are

   A. inventoriable costs
   B. finished costs
   C. factory overhead costs
   D. manufacturing overhead costs

5. The spread of over allocated overhead and under allocated overhead among work in process, finished goods and goods sold cost is classified as __________?

   A. proration approach
   B. appreciation approach
   C. depreciation approach
   D. adjusted approach

6. If the budget sales units are 5000, the ending inventory is 4000 units and the beginning inventory is 1000, then the budget production will be __________?

   A. 4000 units
   B. 5000 units
   C. 8000 units
   D. 10000 units

7. An inventory, which consists of partially worked goods is called _____________?

   A. direct materials inventory
   B. work in process inventory
   C. finished goods inventory
   D. indirect material inventory

8. If the total sales are $355000, the beginning inventory is $23000 and the ending inventory is $15000, then total production would be _________?

   A. $363,000
   B. $463,000
   C. $393,000
   D. $493,000

9. If the budget sales units are 2000, an ending inventory is 3000 units and the beginning inventory is 1000, then the budget production would be ______________?

   A. 6000 units
   B. 4000 units
   C. no units
   D. 8000 units

10. If the budget sales units are 8000, the ending inventory is 2000 units and the beginning inventory is 3000, then the budget production would be ___________?

    A. 11000 units
    B. 13000 units
    C. 10000 units
    D. 7000 units