The average daily cost of production is Rs 35 lakh and average conversion period is 3 days.

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The average daily cost of production is Rs 35 lakh and average conversion period is 3 days. The closing stock work in progress is 10% higher than the opening stock of work in process. The value of closing stock of work in progress is:

a) 100 lakhs

b) 110 lakhs

c) 120 lakhs

d) 130 lakhs

Related Book For answer-question

Introduction to Business Statistics

ISBN: 978-1111524081

7th edition

Authors: Ronald M. Weiers

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Posted Date: Oct 30, 2020 02:18 AM

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The average daily cost of production is Rs 35 lakh and average conversion period is 3 days.

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Introduction to Business Statistics

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