Question

Average inventory = rs. 30,000. Closing inventory is rs. 5,000 more than opening inventory. Then the value of closing inventory will be

Answer 1

Answer:

Rs. 32500

Explanation:

let open. inv. be X,

then clos. inv. will be X+5000.

avg. inv. i.e (open. Inv.+ close. inv.)÷2=3000

so X+(X +5000)=60000

2X+ 5000=60000

hence X =27500;

thence clos. inv. = 27500 +5000

=Rs. 32500