Question

If average inventory is₹125000 and closing inventory is₹10000 less than opening inventory then the value of closing inventory will be?

Answer 1

Closing Inventory = 1,20,000

Explanation:

Given:

Average Inventory = 1,25,000

10,000 = Opening Inventory - Closing Inventory

Opening Inventory = 10,000 + Closing Inventory

Calculation:

Average Inventory = (Opening Inventory + Closing Inventory)/2

1,25,000 = (10,000 + Closing Inventory + Closing Inventory)/2

1,25,000 * 2 = (10,000 + Closing Inventory + Closing Inventory)

2,50,000 =  10,000 + 2 X Closing Inventory

2,50,000 - 10,000 = 2 X Closing Inventory

2,40,000 / 2 = Closing Inventory

1,20,000 = Closing Inventory

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