Question
A company has the following inventory data for a
product: •Opening Stock: 500 units @ ₹50 •Purchases: 1,000 units @ ₹55 •Sales: 1,200 units Closing stock is valued using FIFO. What is the value of closing inventory?Solution
Explanation: Using FIFO: •1,200 units sold = 500 @ ₹50 + 700 @ ₹55 = ₹25,000 + ₹38,500 = ₹63,500 •Remaining 300 units = from last purchase @ ₹55 = ₹16,500 So Closing stock = 300 x ₹55 = ₹16,500.
What will be the compound interest on a sum of Rs 22,000 after 3 years at the rate of 6 percent per annum?
What does 'A' in ANSI stand for ____________.
(28 × 5 ÷ 7) × 6 = ?
If the numerator of a fraction is increased by 150% and the denominator is increased by ___%, the fraction becomes 4/7. What is the original fraction? W...
Two years from now, a father's age will be twice the age his son was two years ago. Additionally, four years ago, the ratio of the father's age to the s...
The derivative of y = eˣ · cos(x) is
The main folder on a storage device is known as
The mean of 5 observations is 10 and their standard deviation is 4. Each observation is multiplied by 3 and then increased by 5. Find the new mean and t...
If 'x' is a positive integer such that x + 1/x = 2, then find the value of (x3 + x2 − 2x – 6)/(4x4 + 2x2
Find the value of cos 15° × cos 75° + sin 15° × sin 75°:
