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A manufacturing organization supplied the following information. Beginning inventory of merchandise of Rs 275,000 Import of merchandised during the year Rs 600,000 Customs duty paid
- A manufacturing organization supplied the following information.
- Beginning inventory of merchandise of Rs 275,000
- Import of merchandised during the year Rs 600,000
- Customs duty paid Rs 50,000 for merchandised products.
- Freight charges Rs 25,000 for merchandised products.
- Ending inventory value costing Rs 150,000 but the market value Rs 170,000.
Required: Compute the cost of trading goods.
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The Auditor Quo Vadis
Authors: Mervyn King, Linda De Beer
1st Edition
1138496774, 978-1138496774
