A consignment was received from a foreign supplier, containing four types of material. The invoice reveals the following:
|
Rs |
Material A 2,000 kgs. @ Rs.2.00 per kg. |
4,000.00 |
Material B 1,000 kgs. @ Rs.3.00 per kg. |
3,000.00 |
Material C 1,500 kgs. @ Rs.4.00 per kg. |
6,000.00 |
Material D 500 kgs. @ Rs.4.50 per kg. |
2,250.00 |
Insurance |
152.50 |
Freight paid by supplier |
1,000.00 |
Expenses incurred by importer |
1,600.00 |
Duty paid by the importer |
610.00 |
Loss due to breakage was recorded as follows:
Matl. A 20 kgs.; Matl. B 20 kgs.; Matl. C 45 kgs.; and Matl. D 10 kgs.
Provision of 10% is made for evaporation and minor losses due to seasonal variations. Calculate the rate at which these should be issued.