IndigoLearn

Forums

Cost sheet illustration-2 page 6.21 of ICAI Material

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

Attachments

Cost sheet problem-2.pdf


sai krishna teja

sai krishna teja

CA Inter

480

06-Jan-21 09:06

18

Answers (3)

Because of opening stock which is at 96 per unit.


Suraj Lakhotia

Suraj Lakhotia

Admin

06-Jan-21 11:55

Because of opening stock which is at 96 per unit.

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


sai krishna teja

sai krishna teja

CA Inter

480

07-Jan-21 07:33

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.


Suraj Lakhotia

Suraj Lakhotia

Admin

07-Jan-21 16:10

IL Pass percentages
Tally Free
Quote
Refer
EMI
Lazypay
Past_Exams