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Answer Posted / maheswari.m
The rate of stock turn over in units is calculated by
taking no. of units sold during the time period divided by
the average units of inventory on hand for the
time.
stock turn over ratio=cost of goods sold/average stock
| Is This Answer Correct ? | 42 Yes | 12 No |
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hdn Systems Pvt. Ltd., manufactures a consumer durable which passes through two processes M and N. From the following details prepare necessary process ledger accounts bringing out clearly the cost of the product at each stage. Process ‘M’ Process ‘N’ Materials (Rs.) 30,000 3,000 Labour (Rs.) 10,000 12,000 Overheads (Rs.) 7,000 8,600 Input (units) 20,000 17,500 Normal loss 10% 4% Scrap value of loss (per unit) Re. 1.00 Rs. 2.00 There is no opening or closing W-I-P or stock at processes. Final output from the process ‘N’ was 17,000 units
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