Cost Rs 500, selling price Rs 650, completion Rs 40, selling cost Rs 30. Unit value?
ARs 580
BRs 500
CRs 610
DRs 650
Answer & Solution
Correct answer: B. Rs 500
NRV is 650 - 40 - 30 = Rs 580, which is above the cost of Rs 500, so the lower figure Rs 500 is used.
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