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solve it plz From the following information, value the Inventories as on 31st March, 2015. Raw Material has been purchased at Rs.125 per kg. Prices
solve it plz
From the following information, value the Inventories as on 31st March, 2015. Raw Material has been purchased at Rs.125 per kg. Prices of Raw Material are on the decline. The Finished Goods being manufactured with the Raw Material is also being sold at below cost. The Stock of Raw Material is of 15,000kg. and the Replacement Cost of Raw Material is Rs.100 Per Kg. Cost of Finished Goods per kg. is as under:- Particulars Rs. per kg. 125 Material cost 20 Direct Labour Cost Direct Variable Production Overhead 10 Fixed Production Overhead for the year for a normal capacity of 1,00,000 kgs. of production is rs.10 Lakhs. At the year end, there were 2,000 Kgs. of Finished Goods in stock. Net Realisabale value of Finished gods is rs.140 Per KgStep by Step Solution
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