Given average stock of raw material is rs 76000 annual consumption of raw materials is rs 1140000 1 year =360 dqys what will be the average raw material storage period
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holding period of Raw materials RM/ in months is measured by the average stock of RM divided by RM consumption multiplied by twelve .
a/the average stock of RM is measured by opening balance of RM plus closing stock of RM divided by 2 /two/
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