Why cant i solve the illustration in the video like below sir
cost = 1000*5000=5000000
less abnormal wastage=1000*50=50000
total cost of inventory=4950000
cost per unit=4950000/4750=1042 rs
Niveta Rajkumar
CA Inter
★ 6K+
14-Jun-24 19:09
330
Answers (1)
We should compute the normal rate first.
i.e based on how much would be the number of units we normally receive.