CA Foundation doubt
Can anyone help me to solve this sum from ca foundation inventory chp
Asked by Shriya29 May 2024353 views
3 answers
Shriya · 29 May 2024
I guess the formula is : all purchase rates ÷ no of purchase which means it will be 38+50÷2 so the ans will be 44 ie the new rate and this new rate (44%) will be multiplied by 100 ( consumption ) which will result into 4400 ie the value of closing stock
Akshay · 29 May 2024
Solution :- average price= 1900+7500/2 = 4700 Total purchase=200 (-) Issued 100 Cl stock = 100*4700
Akshay · 29 May 2024
The value of closing stock= 470000
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