One parcel containing two vital components was received by a factory and the invoice relating to the same discloses the following:
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Rs. – Paise Don't use plagiarized sources. Get Your Custom Essay on
however no insurance claim could be made find the issue rate per unit of each materi 617109
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I |
Material 500 kg at Rs. 2 per kg |
1,000 – 00 |
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II |
Material 600 kg at Rs. 1.60 per kg |
960 – 00 |
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Insurance |
39 – 20 |
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Sales tax |
98 – 00 |
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Freight etc. |
55 – 00 |
Transit loss of 10 units of material I and 6 units of material II was noted. However, no insurance claim could be made. Find the issue rate per unit of each material. If a provision for obsolescence of 10% is to be made, find the revised issue rates.
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