[M.Haris]

1 An accountant wishes to select a sample of sales invoices to check their accuracy. She wants the sample to be as unbiased as possible. She also wants to ensure that some invoices are chosen are from each month of the wear. Which method of sampling is MOST appropriate? Quota Random,stratified,cluster

2,The following statements set out to explain why it is necessary to distinguish between production and non-production costs. Are they true or false?

To facilitate the valuation of inventory

To establish period costs

[M.Haris]

If buffer inventory is given in the question will we add that in cost of holding formula

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