Types of Inventory Multiple Choice Questions (MCQ) PDF Download

MCQ 1: The budget sales, plus target ending finished goods inventory, minus beginning finished goods inventory is equal to

1. budget production
2. planned production
3. setup production
4. stand by production

MCQ 2: An inventory, which consists of partially worked goods is called

1. direct materials inventory
2. work in process inventory
3. finished goods inventory
4. indirect material inventory

MCQ 3: The inventory of the final goods that are not yet sold is called

1. finished goods inventory
2. indirect material inventory
3. direct materials inventory
4. work in process inventory

MCQ 4: An inventory which consists of stock waiting to be used In the process of manufacturing is known as

1. finished goods inventory
2. indirect material inventory
3. direct materials inventory
4. work in process inventory

MCQ 5: In cost accounting, the types of inventory do not include

1. direct materials inventory
2. work in process inventory
3. finished goods inventory
4. indirect material inventory