If the material is priced at the value that is realizable at the time of issue such a pricing method is referred to as _________________.

Standard price method

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Replacement method

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

LIFO method

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Weighted average cost method

No worries! We‘ve got your back. Try BYJU‘S free classes today!

FIFO method

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A Replacement method
If the material is priced at the value that is realizable at the time of issue, such pricing method is called replacement method. This method is also called constant market price method.

Suggest Corrections

Similar questions

When a debenture is issued at a price below its nominal value, it is said to be issued at ___

The minimum quantity that a firm supply is 1000, at a price of Rs 20. The minimum average variable cost is Rs ___ .

Join BYJU'S Learning Program