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@suhani5704 Yes beta its answer is C Reason for this Retail method is a technique used to estimate the value of ending inventory using the cost to retail price ratio. Determine the retail value of goods available for sale during the period by adding the retail value of beginning inventory and retail value of goods purchased. The FIFO method is used for cost flow assumption purposes. The term weighted average cost in accounting refers to the method of determining expenses associated with a business's cost of goods sold and inventory. Hence, the correct answer is Retail price method.

Namaste beta

Nhi beta

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There are two formula for calculating COGS 1.opening stock +purchase-cl.stock 2.sales -Gross profit Opening is given but purchase is not given so we use formula no. Second In which Sales and gp both are given Ok

@@DGClasses means agar purchase hota to hm formula 1 use krte?

Yes

@@DGClasses okk..thnq

Thanks a lot sir👍

Beta 25% of cost = 20 % on sale

Beta q 4 main 320000 main se 1/2to return kr diye Baaki jo remaining hoga usko to hum SOA hi manenge kyunki uski koi intimation nhi aayi isliye use sale ki tarah treat kiya question 3 main already given ki wo sale on approval aur uski intimation April aayegi lekin usko humne already sale maana hua tha

Any time beta

@shubhansiBeta hume is question main 30 th june tak stock nikalna hai jo humare pass hai To 320000 ka stock hum. Sale kr chuke hai jisme se 160000 humare pass wapas aa gya hai Isi wajah se humne us 160000 wale stock ko jo customer ke pass hai use nhi liya kyunki wo sale ho chuka hai

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MCQ link

beta which topic lecture u want

@@DGClasses NPO PLEASE SIR

COST OF GOODS SOLD VALUE BE CHANGE THEN WE ADD OPENING STOCK AND COST OF PURCHASE

@@DGClasses For example if Opening stock would be 10,000. What would be the answer for the above illustration? Thank you in advance sir.