Overview of Cost and Management Accounting

Costing - Phase (I & II)

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

Calculate Value of closing stock of Finished goods:

Cost of production: Rs. 1,00,000/-

Units produced during the year:10,000 units

Units of closing stock of finished goods: 500 units

Rs 5,000/-

Rs. 50,000/-

Rs. 10,000

None of the above

Value of Closing Stock of Finished Goods=

Cost of Production (Rs.) (x) Units of Closing Stock of Finished Goods

Units Produced

In given problem, value of closing stock of finished goods =

1,00,000 (x) 500 = 5,000/-

10,000