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opening stock of goods 1000 kg at the rate of 10 rupees per kg purchase 5000 kgs at the rate rupees 14 per kg sales 3000kg value of closing stock under fifo method is |
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Answer» tock=1000 purchase 14perkg 5000*14=70000 sales 3000×15=45000 Explanation: CLOSING stock=op.stock+purchase-sales=1000+70000-45000 =71000-45000=26000 |
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