Question

For the following particulars of XYZ Ltd., what will be value of closing inventory
under current purchasing power method if FIFO method is followed ?
Opening Stock
30,000
Purchase
1,00,000
* 40,000
Closing Stock
80
Price index in the beginning of the year
100
Price index at the end of the year
90
Average price index
(A) 44444
(B) 33333
(D) 37500
(C) 55555

Answer 1

Answer:

hg68uft8if68jfyuff5jjgdjxjpeohdoejdjj4uruf

Explanation:

krue7288273748fuudhdjsii27r7dusi8283774urueurkdk2iirjdj