The following information is available about a company for the year 2008. The inventory is value @

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The following information is available about a company for the year 2008.

The inventory is value @ Rs. 1 per kg or litre.
Calculate the material turnover ratio for each of the above materials and express in number of days the average inventory held. What conclusions can be drawn?

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Cost Accounting

ISBN: 9780070221628

4th Edition

Authors: Jawahar Lal, Seema Srivastava

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Question Posted: Aug 30, 2023 01:48 PM

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The following information is available about a company for the year 2008. The inventory is value @

Question:

Material A Material B Material C Opening stock 700 kg 200 litres 1000 kg Purchases 11,500 kg 11,000 litres 1800 kg Closing stock 200 kg 1200 litres 1200 kg

Step by Step Answer:

Material A has the highest inventory turnover ratio whi...View the full answer

Cost Accounting

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