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1,500 units cost Rs 40 each; 1,000 under contract at Rs 55, rest sell at Rs 38; selling cost Rs 3. Value?

ARs 52,500
BRs 59,000
CRs 60,000
DRs 57,500
Answer & Solution
Correct answer: D. Rs 57,500
Contract units have NRV Rs 52 so stay at cost Rs 40,000; the other 500 units have NRV Rs 35, giving Rs 17,500; total Rs 57,500.
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