Calculate the closing inventory from the following information:
·        Purchases Rs.90,000
·        Sales Rs.125,000
·        Opening inventory Rs.25,000
·        Gross profit on cost = 25%
Gross profit on cost of 25% = Gross profit of 20% on sales Gross profit = 125000*20% = 25000 COGS = Sales – gross profit = 125,000-25,000 = 100,000 COGS = Opening inventory + purchases – closing inventory 100000 = 25000 +90000 – closing stock Or closing inventory = 15000
121, 240, 386, 555, 751, 976
38, 54, 73, 95, 135, 196Â
124, 186, 375, 930, 2790, 9765
5000, 4500, 3600, 2480, 1512, 756Â Â Â
134, 159, 186, 215, 266, 279
10 3 7 6 40 310
...48, 112, 144, 192, 310, 732
5, 6, 8, 16, 38, 158
16Â 18Â Â 25Â Â 52Â 116Â Â 241Â Â 457
20.5, 30, 40.5, 53, 64.5, 78Â
