On the basis of following data, the cost of revenue from operations by a company will be : Opening Inventory Rs.70,000; Closing Inventory Rs.80,000; Inventory Turnover Ratio 6 Times.
A. Rs.1,50,000
B. Rs.90,000
C. Rs.4,50,000
D. Rs.4,80,000
Answer:C
On the basis of following data, the cost of revenue from operations by a company will be : Opening Inventory Rs.70,000; Closing Inventory Rs.80,000; Inventory Turnover Ratio 6 Times.
A. Rs.1,50,000 B. Rs.90,000 C. Rs.4,50,000 D. Rs.4,80,000