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X sends out 400 bags to Y costing Rs. 4,000. Y’ costing Rs.200 each, consignor expenses were Rs.4000.Y's non selling expenses Rs. 2,000. And selling expenses of Rs. 1,000. 300 bags were sold by Y. Value of consignment stock will be :

  • a) 
    Rs. 20,400
  • b) 
    Rs. 20,700
  • c) 
    Rs. 22,000
  • d) 
    Rs. 21,500
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
X sends out 400 bags to Y costing Rs. 4,000. Y’ costing Rs.200 each, c...
Calculation of Cost of Goods Sold (COGS)

- Cost of 300 bags sold = 300 x Rs.200 = Rs.60,000
- Selling expenses = Rs.1,000
- Non-selling expenses = Rs.2,000
- Total COGS = Rs.63,000

Calculation of Value of Consignment Stock

- Total cost of consignment = Rs.4,000 (consignor expenses) + Rs.63,000 (COGS) = Rs.67,000
- Number of bags unsold = 400 - 300 = 100
- Cost per bag unsold = Rs.67,000 / 400 = Rs.167.50
- Value of consignment stock = 100 x Rs.167.50 = Rs.16,750

Final Answer: The value of consignment stock is Rs.21,500 (Rs.4,000 + Rs.16,750).
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Community Answer
X sends out 400 bags to Y costing Rs. 4,000. Y’ costing Rs.200 each, c...
Cost of 400 bags

400*200 + 4000+ 2000= 86000

value of unsold (400-300) = 100 stock

= 86000*100/400
= 21500
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X sends out 400 bags to Y costing Rs. 4,000. Y’ costing Rs.200 each, consignor expenses were Rs.4000.Y's non selling expenses Rs. 2,000. And selling expenses of Rs. 1,000. 300 bags were sold by Y. Value of consignment stock will be :a)Rs. 20,400b)Rs. 20,700c)Rs. 22,000d)Rs. 21,500Correct answer is option 'D'. Can you explain this answer?
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X sends out 400 bags to Y costing Rs. 4,000. Y’ costing Rs.200 each, consignor expenses were Rs.4000.Y's non selling expenses Rs. 2,000. And selling expenses of Rs. 1,000. 300 bags were sold by Y. Value of consignment stock will be :a)Rs. 20,400b)Rs. 20,700c)Rs. 22,000d)Rs. 21,500Correct answer is option 'D'. Can you explain this answer? 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 sends out 400 bags to Y costing Rs. 4,000. Y’ costing Rs.200 each, consignor expenses were Rs.4000.Y's non selling expenses Rs. 2,000. And selling expenses of Rs. 1,000. 300 bags were sold by Y. Value of consignment stock will be :a)Rs. 20,400b)Rs. 20,700c)Rs. 22,000d)Rs. 21,500Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X sends out 400 bags to Y costing Rs. 4,000. Y’ costing Rs.200 each, consignor expenses were Rs.4000.Y's non selling expenses Rs. 2,000. And selling expenses of Rs. 1,000. 300 bags were sold by Y. Value of consignment stock will be :a)Rs. 20,400b)Rs. 20,700c)Rs. 22,000d)Rs. 21,500Correct answer is option 'D'. Can you explain this answer?.
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