The management of Y Limited has provided the following information: Opening stock of raw material -25,000Closing stock of raw material -75,000Raw…
CA Intermediate · Cost and Management Accounting · PYQS · September 2025
The management of Y Limited has provided the following information: Opening stock of raw material -25,000Closing stock of raw material -75,000Raw material consumed during the year -7,50,000 What will be the number of days for which average inventory of raw material is to be held by Y Limited? Assume 360 days in a year.
Suggested Answer and Working Notes:
Correct Answer: Option (C)
24 days
Topics: Material Cost
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