alleryStart learning →A pool of 100 units costs Rs 2,200 in total (half at Rs 20, half at Rs 24). What do 60 units cost at the average rate?
ARs 1,260
BRs 1,240
CRs 1,400
DRs 1,320
Answer & Solution
Correct answer: D. Rs 1,320
Total Rs 2,200 over 100 units is Rs 22 per unit, so 60 units cost Rs 1,320.
Keep practising Inventory Valuation
Browse all Inventory Valuation questions for CA Inter, or explore more Cost and Management Accounting topics.
Related questions
The ABC concept is based on whose law?An item needs 500 units a year at Rs 40 each. What is its annual usage value?After computing usage values, items are arranged in which order?In ABC analysis, how is an item's annual usage value computed?ABC class thresholds are what?Class B holds 30% of items. About what share of annual consumption value does it hold?Half of all items fall in class C. Roughly what share of consumption value do they hold?ABC analysis resembles which principle, where few items carry most value?