92 :- From the following information, calculate value of Opening Inventory:
Closing Inventory Rs 68,000.
Total Sales Rs 4,80,000 (Including Cash Sales Rs 1,20,000)
Total Purchases Rs 3,60,000 (Including Credit Purchases Rs 2,39,200)
Goods are sold at a profit of 25% on cost.
93 :- From the following information, determine Opening and Closing Inventories:
Inventory Turnover Ratio 5 times, Total Sales Rs 2,00,000, Gross Profit Ratio 25%. Closing Inventory is more by Rs 4,000 than the Opening Inventory.
94 :- Inventory Turnover Ratio 5 times; Cost of Revenue from Operations (Cost of Goods Sold) is Rs 18,90,000. Calculate Opening Inventory and Closing Inventory if Inventory at the end is 2.5 times more than that in the beginning.