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Question: bhakti ltd provides you the following information in relation to...

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Bhakti Ltd provides you the following information in relation to the year 2016-17 Opening Stock(units) Value for 2016-17 Rs25000 100 Production (units) ? Fixed Cost Rs 1lacs Variable Cost 120000 Sales(units) 1900 Selling price (Rs/ per unit) 500 Closing Stock( units) 200 Calculate the value of closing stock using – a. FIFO basis b. LIFO basis

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