One parcel containing two vital components was received by a factory and the invoice relating to the same discloses the following:
| 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 Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT! Just from $10/Page | ||
| I | Material 500 kg at Rs. 2 per kg | 1,000 – 00 |
| II | Material 600 kg at Rs. 1.60 per kg | 960 – 00 |
| Insurance | 39 – 20 | |
| Sales tax | 98 – 00 | |
| 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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