05 December 2008
If sales is rs. 945000. If general administration is rs. 25000. If op stock is rs. 300000. PUrchases r June 1............200000litres@rs. 2.85 per litre. June 30 100000 litres @ rs. 3.03 per litre. On june 30 closing stcock is 130000. What wld b value of inventory, anount of cost of goods sold for june by FIFO, LIFO, Avg WEighted method?
CAclubindia
