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Specific pric...

Question

Specific price method of valuing material issue is used when ___________.

A

Materials are purchased for specific job or work order

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B

Materials are subject to natural wastage

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C

Prices Fluctuate

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D

None of the Above

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Solution

The correct option is B Materials are purchased for specific job or work order
Specific price method can be used only when it is possible to identify the specific material of specific price. When material are purchased for a specific job, this method can be used.

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