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Querist : Anonymous

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Querist : Anonymous (Querist)
08 October 2012 Bharati consigned to Bhavana 1500 Kg of flour costing Rs 4500. She spend Rs 307 as forwarding charges 5% of the consignment was lost in weighing and handling. Bawana sold 1350 Kg of flour at Rs 4 per Kg. Her selling expenses being Rs 550 and commission at 12.5% on sales. Valuation of closing stock will be?
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Amol S Joglekar

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Amol S Joglekar (Expert)
08 October 2012 cost or market whichever is lower. It should be at Rs.3 per kg.
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