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X of Kolkata sends out 2000 box to Y of Delhi costing rupees 100 each consignor expense 5001 by 10th of box where lost in concern is good or not treated as a normal loss 1200 boxes are sold by the consignee the value of the consignment inventory will be?
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X of Kolkata sends out 2000 box to Y of Delhi costing rupees 100 each ...
Understanding the Consignment Inventory Calculation
To find the value of the consignment inventory, we need to consider the total cost of the boxes sent, the losses incurred, and the boxes sold by the consignee.
1. Total Cost of the Consignment
- Number of boxes sent: 2000
- Cost per box: ₹100
- Total cost of boxes = 2000 boxes * ₹100 = ₹200,000
2. Consignor Expenses
- Additional expenses incurred: ₹5001
- Total cost including expenses = ₹200,000 + ₹5001 = ₹205,001
3. Losses Incurred
- Normal loss: 10% of 2000 boxes = 200 boxes
- Boxes lost: 200 boxes
- Remaining boxes = 2000 - 200 = 1800 boxes
4. Boxes Sold by the Consignee
- Boxes sold: 1200 boxes
- Remaining inventory: 1800 - 1200 = 600 boxes
5. Value of Consignment Inventory
- Value of remaining inventory = Number of remaining boxes * Cost per box
- Value = 600 boxes * ₹100 = ₹60,000
Conclusion
The value of the consignment inventory after accounting for losses and sales by the consignee is ₹60,000. This amount represents the cost of the boxes still in stock, reflecting the normal loss and sales transactions.
To find the value of the consignment inventory, we need to consider the total cost of the boxes sent, the losses incurred, and the boxes sold by the consignee.
1. Total Cost of the Consignment
- Number of boxes sent: 2000
- Cost per box: ₹100
- Total cost of boxes = 2000 boxes * ₹100 = ₹200,000
2. Consignor Expenses
- Additional expenses incurred: ₹5001
- Total cost including expenses = ₹200,000 + ₹5001 = ₹205,001
3. Losses Incurred
- Normal loss: 10% of 2000 boxes = 200 boxes
- Boxes lost: 200 boxes
- Remaining boxes = 2000 - 200 = 1800 boxes
4. Boxes Sold by the Consignee
- Boxes sold: 1200 boxes
- Remaining inventory: 1800 - 1200 = 600 boxes
5. Value of Consignment Inventory
- Value of remaining inventory = Number of remaining boxes * Cost per box
- Value = 600 boxes * ₹100 = ₹60,000
Conclusion
The value of the consignment inventory after accounting for losses and sales by the consignee is ₹60,000. This amount represents the cost of the boxes still in stock, reflecting the normal loss and sales transactions.
Community Answer
X of Kolkata sends out 2000 box to Y of Delhi costing rupees 100 each ...
Calculation of value of inventory:. total boxes. - loss boxes -sold boxes. =closing stock. 2000 - 200 (1/10 of 2000 ) -1200. =. 600. boxes. h 100 per each= 40000 ₹. add.. conr. exp. 500 ₹/2000×600 box =150 ₹. t. total = 40150 ₹
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X of Kolkata sends out 2000 box to Y of Delhi costing rupees 100 each consignor expense 5001 by 10th of box where lost in concern is good or not treated as a normal loss 1200 boxes are sold by the consignee the value of the consignment inventory will be?
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X of Kolkata sends out 2000 box to Y of Delhi costing rupees 100 each consignor expense 5001 by 10th of box where lost in concern is good or not treated as a normal loss 1200 boxes are sold by the consignee the value of the consignment inventory will be? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about X of Kolkata sends out 2000 box to Y of Delhi costing rupees 100 each consignor expense 5001 by 10th of box where lost in concern is good or not treated as a normal loss 1200 boxes are sold by the consignee the value of the consignment inventory will be? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X of Kolkata sends out 2000 box to Y of Delhi costing rupees 100 each consignor expense 5001 by 10th of box where lost in concern is good or not treated as a normal loss 1200 boxes are sold by the consignee the value of the consignment inventory will be?.
X of Kolkata sends out 2000 box to Y of Delhi costing rupees 100 each consignor expense 5001 by 10th of box where lost in concern is good or not treated as a normal loss 1200 boxes are sold by the consignee the value of the consignment inventory will be? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about X of Kolkata sends out 2000 box to Y of Delhi costing rupees 100 each consignor expense 5001 by 10th of box where lost in concern is good or not treated as a normal loss 1200 boxes are sold by the consignee the value of the consignment inventory will be? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X of Kolkata sends out 2000 box to Y of Delhi costing rupees 100 each consignor expense 5001 by 10th of box where lost in concern is good or not treated as a normal loss 1200 boxes are sold by the consignee the value of the consignment inventory will be?.
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