Start learning 50% faster. Sign in now
Step 1: Initial Inventory Calculation •April 1: 300 units @ ₹10 → ₹3,000 •April 5: 500 units @ ₹12 → ₹6,000 •April 15: 400 units @ ₹14 → ₹5,600 •Total Inventory = 300 + 500 + 400 = 1,200 units Step 2: FIFO Issuance •April 10: 200 units issued → From April 1 (Oldest stock) @ ₹10 oValue = 200 × 10 = ₹2,000 oRemaining Stock: ▪100 units @ ₹10 ▪500 units @ ₹12 ▪400 units @ ₹14 •April 20: 400 units issued o100 units @ ₹10 → ₹1,000 o300 units @ ₹12 → ₹3,600 oTotal Issued Value = ₹1,000 + ₹3,600 = ₹4,600 oRemaining Stock: ▪200 units @ ₹12 ▪400 units @ ₹14 Step 3: Closing Inventory Calculation •200 units @ ₹12 = ₹2,400 •400 units @ ₹14 = ₹5,600 •Total Inventory Value = ₹2,400 + ₹5,600 = ₹8,000 Thus, the correct answer is:(a) ₹ 8,000
What is the term used to describe the issuance of securities, whether debt or equity, to a select group of investors such as banks, mutual funds, high n...
Which of the following Documents is required to open and maintain Retail Direct Gilt Account’ (RDG Account) with RBI.
Which of the following features best describes a Term Loan as compared to a Cash Credit facility?
The concept of "expectancy theory" in motivation, as proposed by Victor Vroom, posits that an individual's motivation is determined by three key factors...
What is the term used to describe the rate of return earned by an investor who purchases a bond and holds it until it matures?
Net interest position of the bank has which of the following characteristics?
Which of the following is not a type of pension plan in India?
According to the Companies Act, which of the following statements accurately describes the rules regarding the issuance of shares at a discount?
Calculate the inventory turnover ratio:
Geetika is a supervisor at a call centre. She monitors her employees' calls and keeps a record for each employee of times when they provided exceptiona...