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Complete the material consumed line

Exercise and reference answers

Missing parts
  1. Answer
    Opening
    Choices
    1. Closing
    2. Opening
    3. Average
  2. Answer
    plus
    Choices
    1. plus
    2. minus
    3. times
  3. Answer
    minus
    Choices
    1. plus
    2. minus
    3. divided by
Complete the statement
Direct materials consumed = {0} stock of material {1} purchases {2} closing stock of material.
Instructions
Tap a word into each blank to finish the formula.

Explanation

_Source: ICAI CA Inter Cost and Management Accounting, Ch6 'Cost Sheet', 6.3.1(i)_
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