Question

ABC Ltd. furnishes following information:

Amount (Rs. ’000)

Average Debtors (Outstanding) 480

Raw material consumption 4400

Total production cost 10,000

Total cost of sales 10,500

Credit Sales for the year 16,000

Value of Average stock maintained:
Raw Material 320
Work-in-progress 350
Finished goods 260

Average period of credit allowed by suppliers: 16 days
Assume Period covered: 365 days
Compute Duration of Raw Material.​

Answer 1

Answer:

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