Amar also holds an inventory of parts, which he values on the periodic weighted average basis. During

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Amar also holds an inventory of parts, which he values on the periodic weighted average basis. During the year 2006 his purchases of parts was:

At 31st September, 2006 he had 300 units in inventory. On 1st January, 2006 he had no parts in inventory. The value of inventory of parts at 31st December, 2006 is
A. ₹ 6,600
B. ₹ 6,000
C. ₹ 7,200
D. ₹ 6,550

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Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015

ISBN: 9789352605569

2nd Edition

Authors: M Hanif, A Mukherjee

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Question Posted: Aug 18, 2023 01:33 PM

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Amar also holds an inventory of parts, which he values on the periodic weighted average basis. During

Question:

Month January June September Quantity (units) 400 500 300 Cost per unit (3) 20 22 24

Step by Step Answer:

Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015

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