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    • Question

      Average Inventory = ₹12,000. Closing Inventory is

      ₹3,000 more than Opening Inventory. The value of Closing Inventory is _____.
      A ₹12,000 Correct Answer Incorrect Answer
      B ₹24,000 Correct Answer Incorrect Answer
      C ₹13,500 Correct Answer Incorrect Answer
      D ₹14,500 Correct Answer Incorrect Answer

      Solution

      Explanation: Let Opening Inventory = x Then Closing Inventory = x + 3,000 Average Inventory = (x + x + 3,000)/2 = ₹12,000

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