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QUESTION
Consider the following information regarding Satish Ltd. Annual cost of sales :36,00,000 Opening stock of finished goods :50,000 Finished goods...
. Consider the following information regarding Satish Ltd. :
Annual cost of sales : Rs.36,00,000
Opening stock of finished goods : Rs.50,000
Finished goods storage period : 5 days
Assuming 360 days in a year, the closing stock of finished goods is
