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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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