# Q.8. Calculate value of closing stock from the following: Opening stock of finished goods (500 units) : Rs. 2,000 Cost of production (10000 units) :

Q.8. Calculate value of closing stock from the following: Opening stock of finished goods (500 units) : Rs. 2,000 Cost of production (10000 units) :

# Calculate Value Of Closing Stock From The Following: Opening Stock Of Finished Goods (500 Units) : Rs. 2,000 Cost Of Production (10000 Units) : Rs. 50,000Closing Stock (1000 Units):? (A) Rs. 4,000 (B) Rs. 4,500 (C) Rs. 5,000 (D) Rs. 6,000

Calculate value of closing stock from the following:
Opening stock of finished goods (500 units) : Rs. 2,000

Cost of production (10000 units) : Rs. 50,000Closing stock (1000 units):?

(a) Rs. 4,000

(b) Rs. 4,500

(c) Rs. 5,000

(d) Rs. 6,000

(c) Rs. 5,000

(b) Rs. 4,500

## Related Questions

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Calculate Cost Of Sales From The Following: Net Works Cost: Rs. 2,00,000 Office & Administration Overheads: Rs. 1,00,000 Opening Stock Of WIP: Rs. 10,000 Closing Stock Of WIP: Rs. 20,000 Closing Stock Of Finished Goods: Rs. 30,000 There Was No Opening Stock Of Finished Goods. Selling Overheads: Rs. 10,000 (A) Rs. 2,70,000 (B) Rs. 2,80,000 (C) Rs. 3,00,000 (D) Rs. 3,20,000

Description : Calculate cost of sales from the following: Net Works cost: Rs. 2,00,000 Office & Administration Overheads: Rs. 1,00,000 Opening stock of WIP: Rs. 10,000 Closing Stock of WIP: Rs. 20,000 Closing stock of finished goods: Rs. … Rs. 2,70,000 (b) Rs. 2,80,000 (c) Rs. 3,00,000 (d) Rs. 3,20,000

Last Answer : (b) Rs. 2,80,000

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Calculate The Value Of Closing Stock From The Following According To LIFO Method: 1st January, 2014: Opening Balance: 50 Units @ Rs. 4 Receipts: 5th January, 2014: 100 Units @ Rs. 5 12th January, 2014: 200 Units @ Rs. 4.50 Issues: 2nd January, 2014: 30 Units 18th January, 2014: 150 Units (A) Rs. 765 (B) Rs. 805 (C) Rs. 786 (D) Rs. 700

Description : Calculate the value of closing stock from the following according to LIFO method: 1st January, 2014: Opening balance: 50 units @ Rs. 4 Receipts: 5th January, 2014: 100 units @ Rs. 5 12th January, 2014: 200 units @ Rs. 4.50 … , 2014: 150 units (a) Rs. 765 (b) Rs. 805 (c) Rs. 786 (d) Rs. 700

Last Answer : (b) Rs. 805

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Calculate The Value Of Closing Stock From The Following According To FIFO Method: 1st January, 2014: Opening Balance: 50 Units @ Rs. 4 Receipts: 5th January, 2014: 100 Units @ Rs. 5 12th January, 2014: 200 Units @ Rs. 4.50 Issues: 2nd January, 2014: 30 Units 18th January, 2014: 150 Units (A) Rs. 765 (B) Rs. 805 (C) Rs. 786 (D) Rs. 700

Description : Calculate the value of closing stock from the following according to FIFO method: 1st January, 2014: Opening balance: 50 units @ Rs. 4 Receipts: 5th January, 2014: 100 units @ Rs. 5 12th January, 2014: 200 units @ Rs. 4.50 … , 2014: 150 units (a) Rs. 765 (b) Rs. 805 (c) Rs. 786 (d) Rs. 700

Last Answer : (a) Rs. 765

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Calculate The Value Of Closing Stock18th January, 2014: 150 Units (A) Rs. 765 (B) Rs. 805 (C) Rs. 786 (D) Rs. 700 From The Following According To Weighted Average Method: 1st January, 2014: Opening Balance: 50 Units @ Rs. 4 Receipts: 5th January, 2014: 100 Units @ Rs. 5 12th January, 2014: 200 Units @ Rs. 4.50 Issues: 2nd January, 2014: 30 Units

Description : Calculate the value of closing stock from the following according to Weighted Average method: 1st January, 2014: Opening balance: 50 units @ Rs. 4 Receipts: 5th January, 2014: 100 units @ Rs. 5 12th January, 2014: 200 units … 2014: 150 units (a) Rs. 765 (b) Rs. 805 (c) Rs. 786 (d) Rs. 700

Last Answer : (c) Rs. 786

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6. Budgeted Sales Of X For March Are 18000 Units. At The End Of The Production Process For X, 10% Of Production Units Are Scrapped As Defective. Opening Inventories Of X For March Are Budgeted To Be 15000 Units And Closing Inventories Will Be 11,400 Units. All Inventories Of Finished Goods Must Have Successfully Passed The Quality Control Check. The Production Budget For X For March, In Units Is:

Description : 6. Budgeted sales of X for March are 18000 units. At the end of the production process for X, 10% of  production units are scrapped as defective. Opening inventories of X for March are … have successfully  passed the quality control check. The production budget for X for March, in units is:

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Process B Had No Opening Inventory. 13,500 Units Of Raw Material Were Transferred In At Rs 4.50 Per Unit. Additional Material At Rs1.25per Unit Was Added In Process. Labour And Overheads Were Rs 6.25 Per Completed Unit And Rs 2.50 Per Unit Incomplete. If 11,750completed Units Were Transferred Out, What Was The Closing Inventory In Process B? (A) Rs. 6562.50 (B) Rs. 12,250.00 (C) Rs. 14,437.50 (D) Rs. 25,375.00

Description : Process B had no opening inventory. 13,500 units of raw material were transferred in at Rs 4.50  per unit. Additional material at Rs1.25per unit was added in process. Labour and overheads were Rs 6.25  per completed unit and Rs … 6562.50 (b) Rs. 12,250.00 (c) Rs. 14,437.50 (d) Rs. 25,375.00

Last Answer : (a) Rs 142,485

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Following Information Is Available Of PQR For Year Ended March, 2013: 4,000 Units In Process, 3,800 Units Output, 10% Of Input Is Normal Wastage, Rs. 2.50 Per Unit Is Scrap Value And Rs. 46,000 Incurred Towards Total Process Cost Then Amount On Account Of Abnormal Gain To Be Transferred To Costing P&L Will Be:- (A) Rs. 2,500 (B) Rs. 2,000 (C) Rs. 4,000 (D) Rs. 3,500

Description : Following information is available of PQR for year ended March, 2013: 4,000 units in process, 3,800 units output, 10% of input is normal wastage, Rs. 2.50 per unit is scrap value and Rs. 46,000 incurred towards total process cost … be:- (a) Rs. 2,500 (b) Rs. 2,000 (c) Rs. 4,000 (d) Rs. 3,500

Last Answer : (a) Rs. 2,500

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Calculate Re-Order Level From The Following: Safety Stock: 1000 Units Consumption Per Week: 500 Units It Takes 12 Weeks To Reach Material From The Date Of Ordering. (A) 1000 Units (B) 6000 Units (C) 3000 Units (D) 7000 Units

Description : Calculate re-order level from the following: Safety stock: 1000 units Consumption per week: 500 units It takes 12 weeks to reach material from the date of ordering. (a) 1000 units (b) 6000 units (c) 3000 units (d) 7000 units

Last Answer : (d) 7000 units

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From The Following Information, Calculate The Extra Cost Of Material By Following EOQ: Annual Consumption: = 45000 Units Ordering Cost Per Order: = Rs. 10 Carrying Cost Per Unit Per Annum: = Rs. 10 Purchase Price Per Unit = Rs. 50 Re-Order Quantity At Present = 45000 Units There Is Discount Of 10% Per Unit In Case Of Purchase Of 45000 Units In Bulk. (A) No Saving (B) Rs. 2,00,000 (C) Rs. 2,22,010 (D) Rs. 2,990

Description : From the following information, calculate the extra cost of material by following EOQ: Annual consumption: = 45000 units Ordering cost per order: = Rs. 10  Carrying cost per unit per annum: = Rs. 10  Purchase price per unit = Rs. … ) No saving (b) Rs. 2,00,000 (c) Rs. 2,22,010 (d) Rs. 2,990

Last Answer : (d) Rs. 2,990

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For The Financial Year Ended As On March 31, 2013 The Figures Extracted From The Balance Sheet Of Xerox Limited As Under: Opening Stock Rs. 29,000; Purchases Rs. 2,42,000; Sales Rs. 3,20,000; Gross Profit 25% Of Sales. Stock Turnover Ratio Will Be :- (A) 8 Times (B) 6 Times (C) 9 Times (D) 10 Times

Description : For the financial year ended as on March 31, 2013 the figures extracted from the balance sheet of Xerox Limited as under: Opening Stock Rs. 29,000; Purchases Rs. 2,42,000; Sales Rs. 3,20,000; Gross Profit 25% of … Stock Turnover Ratio will be :- (a) 8 times (b) 6 times (c) 9 times (d) 10 times

Last Answer : (a) 8 times

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