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Your company regularly uses material X and currently has in stock 600kg for which it paid Rs. 1,500 two weeks ago. If these were to
Your company regularly uses material X and currently has in stock 600kg for which it paid Rs. 1,500 two weeks ago. If these were to be sold as raw material it could be sold today for Rs.2 per kg. You are aware that the material can be on the open market for Rs.3.25 per kg, but it must be purchases in quantities for 1,000kg. You have been asked to determine the relevant cost of 600kg of material X to be used in a job for a customer. Required: Determine the relevant cost for material
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