4. Consider the following for Q Co. for the year 2019-20: Cost of goods available for sale Total sales Opening inventory of goods Gross profit margin on sales Closing inventory of goods for the year 2019-20 as 1,00,000 80,000 *20,000 25% 5. (a) * 80,000 (b) If the profit is 25% of the cost price then it is 60,000 (c) 40,000 (a) 25% of the sales price (b) 33% of the sales price (c) 20% of the sales price 6. (a) *20,000 7. Goods purchased 1,00,000. Sales 90,000. Margin 20% on cost. Closing Inventory = ? (b) *10,000 (c) *25,000 A company is following weighted average cost method for valuing its inventory. The details of its purchase and issue of raw-materials during the week are as follows: 1.12.2020 opening Inventory 50 units value *2,200. 2.12.2020 purchased 100 units @ *47. 4.12.2020 issued 50 units. 5.12.2020 purchased 200 units @*48. The value of inventory at the end of the week and the unit weighted average costs is (a) *14,200-47.33 (b) 14,300-47.67 (c) 14,000-46.66