Question

.X of Kolkata sends out 500 bags to Y costing 400 each at an invoice price of 500 each.
Consignor's A/c expenses 4,000 consignee's expenses, non-selling 1,000, selling 2,000.
400 bags were sold. The amount of consignment stock at Invoice Price will be
(a) 50,900
(b) 50,800
(c) 50,000
(d) 51,000​

Answer 1

Answer:

Invoice price of 100 bags = 100×500=50000

(+) consignor expense = 4000/500*100=800

(+) consignee expense = 1000/500×100= 200

value of closing stock =51000