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MCQs) Jan 1; finished goods inventory of Manuel Company was Rs.3, 00,000. During the year Manuels cost of goods manufactured was Rs. 19, 00,000, sales
MCQs)
Jan 1; finished goods inventory of Manuel Company was Rs.3, 00,000. During the year Manuels cost of goods manufactured was Rs. 19, 00,000, sales were Rs. 2, 000,000 with a 20% gross profit. Calculate cost assigned to the December 31; finished goods inventory. *
A) Rs. 4,00,000
B) Rs. 6,00,000
C) Rs. 16,00,000
D) None of the given options
E) Other: (Explain)
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