Calculate Raw material holding Period with 360 days in a year from following information Opening Sto...........

Costing - Phase (I & II) Basics of Cost Control and Analysis

Calculate Raw material holding Period (with 360 days in a year) from following information:

Opening Stock of Raw Material: Rs. 10,000/-

Purchases of Raw Material: Rs. 90,000/-

Closing Stock of Raw Material: Rs. 30,000/-

102 days (approx.)

103 days (approx.)

105 days (approx.)

Cannot be calculated

Raw material holding Period is: 360 days/Raw material turnover ratio

In the given problem, Raw material holding period= 360/3.5= 103 days (approx.)

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