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    • Question

      A company purchased 10,000 units at ₹20 each. Freight

      = ₹1,00,000. Normal loss = 500 units. At year-end, 8,000 units are sold. Closing stock should be valued at?
      A ₹30,000 Correct Answer Incorrect Answer
      B ₹40,000 Correct Answer Incorrect Answer
      C ₹47,000 Correct Answer Incorrect Answer
      D ₹50,000 Correct Answer Incorrect Answer
      E ₹52,000 Correct Answer Incorrect Answer

      Solution

      Total cost = (10,000 × ₹20) + ₹1,00,000 = ₹3,00,000. •  Normal loss = 500 units → effective good units = 9,500. •  Cost per good unit = 3,00,000 ÷ 9,500 = ₹31.5789… •  Units left = 9,500 – 8,000 = 1,500. •  Closing stock = 1,500 × ₹31.5789… = ₹47,368.42 ≈ ₹47,368 (say ₹47,000 on rounding).

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