A consignment consisted of two chemicals A and B. The invoices gave the following data:
Chemical A – 4,000 kg @ Rs. 2.50 per kg Rs. 10,000
Chemical B – 3,200 kg @ Rs. 3.25 per kg Rs. 10,400
|
Sales tax |
Rs. 816 |
|
Railway freight |
Rs. 384 |
|
Total cost |
Rs. 21,600 |
A shortage of 200 kg in A and 128 kg in B was noticed due to breakage. What stock rate would you adopt for pricing issues assuming a provision of 5% towards further deterioration?