MGT402 GDB Solution 12 November 2011

[Vuhelper]

“Mr. Daood is an owner of two stores situated at different locations. For costing the sold units, store “M” follows the First- In-First-Out (FIFO) method while store “N” follows the Last- In-First-Out (LIFO) method. On 1st November, both stores have the same quantity in stock that is 8,000 units at Rs. 24.00 per unit. On 12th November, both stores received the supply of 7,000 units at Rs. 25.50 per unit. Sales made by both the stores on 24th of November are 9,800 units at Rs. 26.00 per unit individually”

Required:

Keeping in view the above situation answer the following questions:
(i) Profit earned by the store “M” during the month of November is Rs.__________.
(ii) Profit earned by the store “N” during the month of November is Rs.__________.
(iii) Value of Stock at the end of the month maintained by the store “M” is Rs.__________.
(iv) Value of Stock at the end of the month maintained by the store “N” is Rs.__________.

Just provide your final answers in the given pattern. Avoid for providing details of formulas and calculations

Instructions:

Read the following instructions before giving your comments on GDB:

1. Use the font style “Times New Roman” and font size “12”.
2. Your answer should be relevant to the topic i.e. clear and concise.
3. Do not copy or exchange your answer with other students. Two identical / copied comments will be marked Zero (0) and may damage your grade in the course.
4. Books, websites and other reading material may be consulted before posting your comments but copying or reproducing the text from books, websites and other reading materials is strictly prohibited. Such comments will be marked as Zero (0).
5. Obnoxious or ignoble answer should be strictly avoided.

LAST DATE 14 NOVEMBER



Keeping in view the above situation answer the following questions:

(i) Profit earned by the service station “M” during the month of November is Rs.16900

(ii) Profit earned by the service station “N” during the month of November is Rs.9100

(iii) Value of Stock at the end of the month maintained by the store “M” is Rs.132600

(iv) Value of Stock at the end of the month maintained by the store “N” is Rs.124800

[Vuhelper]

Keeping in view the above situation answer the following questions:

(i) Profit earned by the service station “M” during the month of November is Rs.16900
(ii) Profit earned by the service station “N” during the month of November is Rs.9100
(iii) Value of Stock at the end of the month maintained by the store “M” is Rs.132600
(iv) Value of Stock at the end of the month maintained by the store “N” is Rs.124800