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प्रश्न
| Revenue from Operations (Sales) | ₹ 7,00,000 |
| Gross Profit | ₹ 1,40,000 |
| Inventory Turnover Ratio | 7 Times |
Find out the value of Closing Inventory if Closing Inventory is ₹ 16,000 more than the Opening Inventory.
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उत्तर
Gross Profit = Revenue from Operations − Cost of Goods Sold
₹ 1,40,000 = ₹ 7,00,000 − Cost of Goods Sold
Cost of Revenue from Operations = ₹ 7,00,000 − ₹ 1,40,000
= ₹ 5,60,000
Inventory Turnover Ratio = `"Cost of Revenue from Operations"/"Average Inventory"`
7 = `(₹ 5,60,000)/"Average Inventory"`
Average Inventory = `(₹ 5,60,000)/7`
= ₹ 80,000
Closing Inventory = Opening Inventory + ₹ 16,000
Average Inventory = `("Opening Inventory" + "Closing Inventory")/2`
₹ 80,000 = `("Opening Inventory" + "Closing Inventory" + 16000)/2`
Opening Inventory = `₹ 80,000 - 1/2` of ₹ 16,000
= ₹ 80,000 − ₹ 8,000
= ₹ 72,000
Closing Inventory = ₹ 72,000 + ₹ 16,000
= ₹ 88,000
