Question

X of Kolkata sends out 400 bags to Y on Delhi costing 200 each. Consignor expenses 2,000.
Y expenses non-selling 2,000, selling 1,000. 300 bags were sold by Y. Value of consignment
stock will be
(a) 20,400
(b) * 20,200
(c) 20,000
(d) 21,000​

Answer 1

Answer:

stock on consignment = 400-300=100 bags

Valuation of stock =

Cost of 100 bags =100×200 =20000

(+)consignor expense = 2000/400×100=500

(+) consignee non

selling expenses = 2000/400×100= 500

value of stock = 21000