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Cost sheet illustration-2 page 6.21 of ICAI Material

Costing

There is a difference of â?¹0.08 in cost per unit calculation between cost of production and cost of goods sold How is the calculation made here I am enclosing the question and solution of ICAI


sai krishna teja

sai krishna teja

CA Inter

940

06-Jan-21 09:06

324

Answers (3)

Because of opening stock which is at 96 per unit.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

06-Jan-21 11:55

CA Suraj Lakhotia Admin

Because of opening stock which is at 96 per unit.

Yes...but with what value should i divide..how is the calculation done


Thread Starter

sai krishna teja

sai krishna teja

CA Inter

940

07-Jan-21 07:33

Thread Starter

sai krishna teja

Yes...but with what value should i divide..how is the calculation done

While arriving at cost of goods sold you have to take total of opening stock and current cost and reduce the value of closing stock. This will be divided by number of units sold.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

07-Jan-21 16:10

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