Question

33. The godown of Mr. Chaudhury was destroyed by fire on 1.8.18. The following particulars are ascertained
from the books and records :
Stock at cost as on 31.3.17
18,948
Stock at cost as on 31.3.18
9,660
Purchases during the year 2017-18
29,550
Sales during the year
2017-18
47,160
Purchases from 1.4.18 to 1.8.18
38,460
Sales from 1.4.18 to 1.8.18
42,360
In valuing the stock as on 31.3.19, goods to the extent of 1,113 was written off as damaged. But this
had been sold during the period, 1.4.18 to 1.8.18, for 3 660. Except this transaction, the rate of gross
profit has remained unchanged during the entire period, 1.4.18 to 1.8.18.
The cost price of the stock salvaged from the godown is 2,460.
Calculate the cost price of the stock destroyed by fire.
the nremises of Sree Chemicals Ltd. was destroyed by fire and from the
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Answer 1

Answer:

from the books and records :

Stock at cost as on 31.3.17

18,948

Stock at cost as on 31.3.18

9,660

Purchases during the year 2017-18

29,550

Sales during the year

2017-18

47,160

Purchases from 1.4.18 to 1.8.18

38,460

Sales from 1.4.18 to 1.8.18

42,360

In valuing the stock as on 31.3.19, goods to the extent of 1,113 was written off as damaged. But this

had been sold during the period, 1.4.18 to 1.8.18, for 3 660. Except this transaction, the rate of gross

profit has remained unchanged during the entire period, 1.4.18 to 1.8.18.

The cost price of the stock salvaged from the godown is 2,460.

Calculate the cost price of the stock destroyed by fire.

the nremises of Sree Chemicals Ltd. was destroyed by fire and from the

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