2 points
03. Sun Pharma ordered 10,000 kg, of certain material at Rs.70 per unit.
The purchase price includes excise dut

2 points
03. Sun Pharma ordered 10,000 kg, of certain material at Rs.70 per unit.
The purchase price includes excise duty Rs. 3 per kg in respect of which
full CENVAT credit is admissible. Freight incurred amounted to Rs. 65,000.
Normal transit loss is 2%. The company actually received 9,600 kg. and
consumed 9.200 kg. of material. Compute cost of inventory under AS 2
and abnormal loss.”
Rs. 30.000 and Rs. 15,000 respectively
Rs 30,000 and Rs 20,000 respectively
0
Rs. 20,000 and Rs. 10,000 respectively
Rs 20,000 and Rs 5.000 respectively​

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