Material costing methods

1. Material abstract is also known as .

2. Material should be used by the store keeper against .

3. First in first out method of valuing material issues is suitable in times of .

4. Last in first out method is suitable in times of .

5. Average cost method of valuing material issues is suitable where .

6. Inflated price method of valuing material issue is suitable when .

7. Specific price method is considered to be the best method when .

8. Market price method is considered to be the best method when .

9. A bill of material serves the purpose of .

10. A bill of material is purposed in cost of a job.

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