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Inventory Cards

Total questions: 12

Worksheet time: 6mins

Name
Class
Date
1.

FIFO in inventory terms stands for

a)

flipped in flipped out

b)

first in first out

c)

fast in fast out

2.

WAC in inventory terms stands for

a)

weighted any cost

b)

wasted average cost

c)

weighted average cost

3.

An inventory card will show

a)

Name

b)

Inventory number

c)

Location

d)

Measurement base

e)

All of the above

4.

Using only the letters INVENTORY - what 5 letter word is a store of valuable or delightful things

(a)  

5.

Stock purchased by the business will appear in the following column of the inventory card

a)

in column

b)

out column

6.

Stock sold by the business will appear in the following column of the inventory card

a)

in column

b)

out column

7.

Purchase returns by the business will appear in the following column of the inventory card

a)

in column

b)

out column

8.

Using only the letters INVENTORY - what 5 letter word is a short metal pin or bolt for holding together two plates of metal

(a)  

9.

Sales returns for the business will appear in the following column of the inventory card

a)

in column

b)

out column

10.

Drawings of inventory by the business owner will appear in the following column of the inventory card

a)

in column

b)

out column

11.

A shortage of inventory for the business will appear in the following column of the inventory card

a)

in column

b)

out column

12.

Using only the letters INVENTORY - what 6 letter word is to put upside down or in the opposite position,

(a)