Question

Out of total closing
stock, 10% of the
goods, its market value
decrease by 15%; 35%
of the goods, its market
value is increase by
10%; and 25% of the
goods, its market value
is Rs. 1200, which is
20% less than the cost
price. Find out the
value of closing stock
to be shown in the
Balance Sheet.
Rs. 5610
Rs. 5700
Rs. 6000
Rs. 7200​

Answer 1

Answer:

mistake, the production supervisor transposed the digits on the production report and reported a higher percentage of completion for each inventory

component. Assume that there was no beginning inventory. What is the effect of this error on the following:

i. The computation of total equivalent units.

ii. The computation of costs per equivalent unit.

iii. Costs assigned to cost of goods transferred out for the pmistake, the production supervisor transposed the digits on the production report and reported a higher percentage of completion for each inventory

component. Assume that there was no beginning inventory. What is the effect of this error on the following:

i. The computation of total equivalent units.

ii. The computation of costs per equivalent unit.

iii. Costs assigned to cost of goods transferred out for the p