What is meant by pricing of material issue ?
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Method of Pricing of Material Issues. When materials are issued to production department, a difficulty arises regarding the price at whichmaterials issued are to be charged. The same type of material may have been purchased in different lots at different times at several differentprices.
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PRICING OF MATERIAL ISSUES. 2.1 Meaning : Materials purchased are kept in stores and issued to different jobs or work orders. These jobs or work crders are charged with the cost of materials issued to them. This is called pricing of material issues.
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