Question
A business follows the FIFO method of inventory
management and undertook the following inventory transactions during the year :   Opening Stock: 100 0 units @ ₹10 0    Purchases: 200 0 units @ ₹12 0    Sales: 250 0 units   W hat is the closing inventory value of the business ?  ÂSolution
Explanation :  Â
FIFO – First In First Out i.e. o ldest stock is sold first  Â
As such, for selling the 250 0 units , 100 0 units from opening stock at ₹10 0 each are used followed by additional 150 0 units from the purchases of 2000 units made during the year at ₹12 0 each.    Thus, the remaining inventory from the purchases stands at 2000 units (purchased) – 1500 units sold = 500 units of ₹12 0 each.   Â
→ Closing inventory = 50 0 units @ ₹12 0 = ₹60 , 0 0 0   Â
The data of a primary school teachers is shown by the Venn diagram given below. The teachers teach multiple subjects. The 'Circle' represents teachers w...
Seven girls Pw, Qw, Rw, Sw, Tw, Uw and Vw are sitting around a circular table facing the centre. Rw is an immediate neighbour of both Tw and Uw. Sw is s...
Select the Venn diagram that best represents the relation between the following classes. Doctor, Lawyer, Male
How many female executives are there in the organization?
Which of the following diagrams indicates the best relation between students, intelligent, players.
Select the option that is related to the third figure in the same way as the second figure is related to the first figure.
Study the given diagram carefully and answer the question. The numbers in different sections indicate the number of persons.Â
Identify the diagram that best represents the relationship among the classes given below: Males, Brothers, and Doctors.
Which of the following diagrams represents Tie , Saree and Trousers ?
Which of the following diagrams best depicts the relationship between Oxygen, Gas, and Argon.
