## Question

# X consigned 100 packets of cosmetics each costing Rs. 300 to his agent at Mumbai. He paid Rs. 500 towards freight and insurance. 15 packets

##
X consigned 100 packets of cosmetics each costing Rs. 300 to his agent at Mumbai.

He paid Rs. 500 towards freight and insurance. 15 packets were destroyed on the

way. Consignee took delivery of the remaining packets and spent Rs. 700 as godown

rent, Rs. 1,000 as clearing charges and Rs. 300 as carriage outward. You are required

to calculate the cost of damage and cost of stock at the end if the agent sells away

70 packets.

X consigned 100 packets of cosmetics each costing Rs. 300 to his agent at Mumbai.

He paid Rs. 500 towards freight and insurance. 15 packets were destroyed on the

way. Consignee took delivery of the remaining packets and spent Rs. 700 as godown

rent, Rs. 1,000 as clearing charges and Rs. 300 as carriage outward. You are required

to calculate the cost of damage and cost of stock at the end if the agent sells away

70 packets.

## Step by Step Solution

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### Step: 1

To solve this problem we need to calculate the cost of the damage and the cost of the stock at the end considering the various expenses and losses 1 C...### Get Instant Access to Expert-Tailored Solutions

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### Step: 2

### Step: 3

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### Financial Accounting For Managers

**Authors:** Sanjay Dhamija

3rd Edition

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