Start learning →

Item A cost 8,000, NRV 7,200; item B cost 5,000, NRV 6,000. Item-wise stock value?

ARs 13,000
BRs 12,200
CRs 13,200
DRs 14,000
Answer & Solution
Correct answer: B. Rs 12,200
Item A is taken at NRV Rs 7,200 and item B at cost Rs 5,000, giving Rs 12,200.
Practise this question with Quill — CA Foundation →

Keep practising Inventories

Browse all Inventories questions for CA Foundation, or explore more Accounting topics.

Start a Inventories lesson →
Related questions