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Valuation of inventories

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CPT
49 Points Posted on 30 November 2014
avg inventory =?12000 closing inventory is 3000 more than opening inventory.. the value of closing inventory is .....?? 1.1200 2.2400 3.10500 4.13500 ans is 4. but how is it so? pls help me I'm not getting it..
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On 30 November 2014 at 21:16 Report
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Manager (Advance)
906 Points Posted on 30 November 2014

Let, opening stock=x

Closing Stock=x+3000

hence, Average Stock=x+x+3000/2=2x+3000/2=x+1500

Also, average stock=12000,

therefore, x+1500=12000 or x=10500

Hence, Opening Stock=x=10500

and Closing Stock=x+3000=10500+3000=13500

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On 30 November 2014 at 21:57
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CPT
49 Points Posted on 30 November 2014
Thanks a lot Sir...
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On 30 November 2014 at 23:50
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CPT
49 Points Posted on 30 November 2014
Oohh I didn't know the formula of avg inventory thank u once again sir..
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On 30 November 2014 at 23:53
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Manager (Advance)
906 Points Posted on 01 December 2014

You're welcome !!

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On 01 December 2014 at 22:37


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