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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

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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

 

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