There aretwo departments in a firm X and Y. Goods are transferred from depat. X to dept. Y at usual selling price. You are required to complete stock reserve on stocks of dept. Y from the following data: G. P ratio of dept. X: 25% on cost Opening stock of dept. Y: Rs. 50,000 Closing stock of dept. Y: Rs. 75,000 [Answer: stock reserve: on opening stock: Rs. 10,000 & on closing stock Rs. 15,000]?

Question

Answer

On closing stock: Rs. 18,750]

To calculate the stock reserve on stocks of dept. Y, we need to first calculate the cost of goods transferred from dept. X to dept. Y. This can be calculated by using the G.P. ratio of dept. X, which is given as 25% on cost.

Let the cost of goods transferred be 'C'. Then, the selling price of these goods would be:

Selling price = Cost + Profit
Selling price = C + 25% of C = 1.25C

Now, we can calculate the cost of goods transferred as follows:

1.25C = Selling price of goods transferred from dept. X to dept. Y
Selling price of goods transferred = Cost of goods transferred + profit on transfer
1.25C = Cost of goods transferred + 0 (as no profit is earned on transfer)
Cost of goods transferred = 1.25C/1 = C

Therefore, the cost of goods transferred from dept. X to dept. Y is 'C'.

Next, we can calculate the value of goods received by dept. Y as follows:

Value of goods received = Cost of goods transferred + Opening stock - Closing stock
Value of goods received = C + Rs. 50,000 - Rs. 75,000
Value of goods received = C - Rs. 25,000

Now, we can calculate the stock reserve on opening stock of dept. Y as follows:

Stock reserve on opening stock = Opening stock x G.P. ratio
Stock reserve on opening stock = Rs. 50,000 x 25% = Rs. 10,000

Similarly, we can calculate the stock reserve on closing stock of dept. Y as follows:

Stock reserve on closing stock = Closing stock x G.P. ratio
Stock reserve on closing stock = Rs. 75,000 x 25% = Rs. 18,750

Therefore, the stock reserve on stocks of dept. Y is Rs. 10,000 on opening stock and Rs. 18,750 on closing stock.

Answer

Workings :

let cost be 100
(+)cost Profit 25%. 25
selling price. 125

Profit on selling price

25/125 ×100 =20%

Amount of stock reserve made

o.stock = 50000×20/100 = Rs 10,000

c.stock = 75000×20/100 = Rs 15,000

cost - selling price = profit

x = 40,000 - 50,000 = 10,000

y = 60,000 - 75,000 = 13,500

Answer

ஒரு நிறுவனத்தில் X மற்றும் Y ஆகிய இரண்டு துறைகள் உள்ளன. சரக்குகள் துறை X இலிருந்து துறை Yக்கு வழக்கமான விற்பனை விலையில் மாற்றப்படுகின்றன. நீங்கள் பின்வரும் தரவுகளிலிருந்து துறை Y இன் பங்குகளின் பங்கு இருப்பைக் கணக்கிட வேண்டும்:

துறை X இன் ஜிபி விகிதம்: செலவில் 25%

துறை Y இன் தொடக்க பங்கு: ரூ. 50,000 துறை Y இன் இறுதிப் பங்கு: ரூ. 75,000

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