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The following are the details supplied by Agni Ltd. in respect of its raw materials for the Month of December, 2005 :
On 31.12.2005, a shortage of 100 units was found
 
Q.Using the data given in problem,  the value of issues in the month of December 2005 using FIFO method.
  • a)
    Rs 27,700
  • b)
    Rs 35,500
  • c)
    Rs 19,500
  • d)
    Rs 21,300
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
The following are the details supplied by Agni Ltd. in respect of its ...
In fifo method old stock will be issued first. at last total stock sold will be 27,050. it is given 100 units were not found 100× 6.5 rupees( assuming the units were from 5/12/2005 stock as according to using fifo. only stock will be left from that date. at last, 27,050+ (100×6.5)= 27,500
note: I have assumed that the stock was issued that 100 units. if anyone has another idea. please tell me too.
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The following are the details supplied by Agni Ltd. in respect of its raw materials for the Month of December, 2005 :On 31.12.2005, a shortage of 100 units was foundQ.Using the data given in problem, the value of issues in the month of December 2005 using FIFO method.a)Rs 27,700b)Rs 35,500c)Rs 19,500d)Rs 21,300Correct answer is option 'A'. Can you explain this answer?
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The following are the details supplied by Agni Ltd. in respect of its raw materials for the Month of December, 2005 :On 31.12.2005, a shortage of 100 units was foundQ.Using the data given in problem, the value of issues in the month of December 2005 using FIFO method.a)Rs 27,700b)Rs 35,500c)Rs 19,500d)Rs 21,300Correct answer is option 'A'. 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 The following are the details supplied by Agni Ltd. in respect of its raw materials for the Month of December, 2005 :On 31.12.2005, a shortage of 100 units was foundQ.Using the data given in problem, the value of issues in the month of December 2005 using FIFO method.a)Rs 27,700b)Rs 35,500c)Rs 19,500d)Rs 21,300Correct answer is option 'A'. 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 The following are the details supplied by Agni Ltd. in respect of its raw materials for the Month of December, 2005 :On 31.12.2005, a shortage of 100 units was foundQ.Using the data given in problem, the value of issues in the month of December 2005 using FIFO method.a)Rs 27,700b)Rs 35,500c)Rs 19,500d)Rs 21,300Correct answer is option 'A'. Can you explain this answer?.
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