CA CPT 2016 June Question Paper Fundamentals of Accounting for online practice
© examsiri.com
Question : 23 of 60
Marks:
+1,
-0
From the following data, find out the gross profit on the inventory sold under weighted average price method
1st Jan - opening inventory - 1000 units @ Rs. 4 per unit
15th Jan Purchase - 1100 units @ Rs. 5 per unit
30th Jan Purchase - 1300 units @ Rs. 6 per unit
Sales during the month - 3000 units @ Rs. 10 per unit
1st Jan - opening inventory - 1000 units @ Rs. 4 per unit
15th Jan Purchase - 1100 units @ Rs. 5 per unit
30th Jan Purchase - 1300 units @ Rs. 6 per unit
Sales during the month - 3000 units @ Rs. 10 per unit
Go to Question: