Bheesma Department Stores beginning inventory cost was 1,40,000 and it was retailed for 2,80,000. Purchases for the period amounted to


Bheesma Department Store’s beginning inventory cost was ₹1,40,000 and it was retailed for ₹2,80,000. Purchases for the period amounted to ₹3,90,000 and were priced to sell at twice that amount. Sales for the period, all at normal retail, were ₹6,00,000. How much is the cost of Bheesma’s estimated ending inventory?

(a) ₹115,000

(b) ₹150,000

(c) ₹230,000

(d) ₹300,000

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Related Book For  answer-question

Financial Accounting For Management

ISBN: 9789385965661

4th Edition

Authors: Neelakantan Ramachandran, Ram Kumar Kakani

Question Details
Chapter # 8- Accounting Issues for Larger Entities
Section: Multiple Choice Questions
Problem: 4
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Question Posted: August 26, 2023 04:14:10