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Opening Stock Illustration 27 SON Colorir The premises of Fireproof Ltd. were destroyed by fire on 30.6.2002. The foHowing figures were ascertained:on 1999 2000 2001 1.1.2002 to 30.6.2002 Rs 2,000 2,200 1,180 3,402 Purchases Rs 16,000 14,500 17,000 3,500 Sales Rs 20,000 19,850 18,750 2,600 Rs 300 500 500 Carriage Inwards 100 700 Rs 600 300 25 Freight Outwards In 1999, while valuing closing stock, some defective goods costing Rs 500 were valued at Rs 400. These were sold for Rs 450 in 2000. In 2000, an item costing Rs 600 was wrongly valued at Rs 700. This was sold for Rs 550 in 2001. In 2001, items costing Rs 1,200 were valued at Rs 1,000. 50% of these items was sold in June 2002 for Rs 600. Subject to this, the gross profit rate is more or less uniform. Value of salvage was Rs 800. Calculate the claim to be lodged. otvaross profit rate. Opening Stock Illustration 27 SON Colorir The premises of Fireproof Ltd. were destroyed by fire on 30.6.2002. The foHowing figures were ascertained:on 1999 2000 2001 1.1.2002 to 30.6.2002 Rs 2,000 2,200 1,180 3,402 Purchases Rs 16,000 14,500 17,000 3,500 Sales Rs 20,000 19,850 18,750 2,600 Rs 300 500 500 Carriage Inwards 100 700 Rs 600 300 25 Freight Outwards In 1999, while valuing closing stock, some defective goods costing Rs 500 were valued at Rs 400. These were sold for Rs 450 in 2000. In 2000, an item costing Rs 600 was wrongly valued at Rs 700. This was sold for Rs 550 in 2001. In 2001, items costing Rs 1,200 were valued at Rs 1,000. 50% of these items was sold in June 2002 for Rs 600. Subject to this, the gross profit rate is more or less uniform. Value of salvage was Rs 800. Calculate the claim to be lodged. otvaross profit rate