Madhav enterprises Limited is a wholeseller of steel tables and follows perpetual system of accounting for...

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Madhav enterprises Limited is a wholeseller of steel tables and follows perpetual system of accounting for recording inventories. It uses First In First Out (FIFO) method to account for inventories. As of April 1, 2020, it had opening stock of table inventories of 100,000 tables at the cost of 7000 per table. It incurred other operating expenses, finance cost and depreciation expense aggregating to Rs. 61,200,000 during the year FY 2020-2021. The details of purchase and sale made during the year are as under: Date April 2, 2020 01-May 08-Jun 25-Jun 23-Jul 27-Jul 02-Aug 05-Sep 17-Nov 20-Dec Purchase 100,000 tables at 7200 per table 200,000 tables at 7500 per table 300,000 tables at 7900 per table Sold 70,000 tables at 8000 INR per table 100,000 tables at 8000 INR/table 60,000 table at 8500 INR/table 40,000 table at 8500 INR/table 1. What should be the Revenue, Cost of Goods sold and Profit for the year ended 2021, What shoul be closing inventroy on March 31 2021? 70,000 table at 8500 INR/table 90,000 table at 8500 INR/table 50,000 table at 8500 INR/table Madhav enterprises Limited is a wholeseller of steel tables and follows perpetual system of accounting for recording inventories. It uses First In First Out (FIFO) method to account for inventories. As of April 1, 2020, it had opening stock of table inventories of 100,000 tables at the cost of 7000 per table. It incurred other operating expenses, finance cost and depreciation expense aggregating to Rs. 61,200,000 during the year FY 2020-2021. The details of purchase and sale made during the year are as under: Date April 2, 2020 01-May 08-Jun 25-Jun 23-Jul 27-Jul 02-Aug 05-Sep 17-Nov 20-Dec Purchase 100,000 tables at 7200 per table 200,000 tables at 7500 per table 300,000 tables at 7900 per table Sold 70,000 tables at 8000 INR per table 100,000 tables at 8000 INR/table 60,000 table at 8500 INR/table 40,000 table at 8500 INR/table 1. What should be the Revenue, Cost of Goods sold and Profit for the year ended 2021, What shoul be closing inventroy on March 31 2021? 70,000 table at 8500 INR/table 90,000 table at 8500 INR/table 50,000 table at 8500 INR/table

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Madhav Enterprises Limited Financial Analysis for FY 20202021 Based on the provided information here... View the full answer