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tinure (ffff) (75 Points)
17 September 2014tinure (ffff) (75 Points)
17 September 2014
Abhijeet Deshpande
(Co-Founder & Manager @ Tax-Yantra)
(1171 Points)
Replied 17 September 2014
1. Closing Stock shall ignore admin cost for 6000 uts as the stock is still lying with us.
2. Production was closed for 2 months, hence no cost to be loaded on the closing stock. Thus, Production OH for 10 months will be (350000 / 12 months * 10 months). Now distribute this to 6000 uts which results into Rs. 35,000
3. Material & Lab should be allocated as (10,00,000 / 50000 uts capacity * 6000 uts of stock). This will give you Rs. 120,000
Hence, total value of stock = Rs. 155,000
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