Bheesma Department Stores beginning inventory cost was 1,40,000 and it was retailed for 2,80,000. Purchases for the
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Bheesma Department Store’s beginning inventory cost was ₹1,40,000 and it was retailed for ₹2,80,000. Purchases for the period amounted to ₹3,90,000 and were priced to sell at twice that amount. Sales for the period, all at normal retail, were ₹6,00,000. How much is the cost of Bheesma’s estimated ending inventory?
(a) ₹115,000
(b) ₹150,000
(c) ₹230,000
(d) ₹300,000
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Financial Accounting For Management
ISBN: 9789385965661
4th Edition
Authors: Neelakantan Ramachandran, Ram Kumar Kakani
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