Calculate the total sales revenue, total purchase costs, and remaining stock based on the provided data.
Understand the Problem
The question is asking for an analysis of sales and purchases with respect to the opening stock and pricing details provided in the table. This may involve calculating the total sales revenue, total purchase costs, and remaining stock.
Answer
- Total Sales Revenue: Rs. 2,450,000; Total Purchases Cost: Rs. 2,310,000; Remaining Stock: 1,500 units.
Answer for screen readers
- Total Sales Revenue: Rs. 2,450,000
- Total Purchases Cost: Rs. 2,310,000
- Remaining Stock: 1,500 units
Steps to Solve
- Calculate Opening Stock Value
The opening stock on March 1, 2024, is 800 units at Rs. 500 per unit.
Value of opening stock = $800 \times 500 = Rs. 400,000$.
- Calculate Total Sales Revenue
- For 08/03/2024: $500 \times 750 = Rs. 375,000$
- For 20/03/2024: $1,000 \times 800 = Rs. 800,000$
- For 31/03/2024: $1,500 \times 850 = Rs. 1,275,000$
Total sales revenue = $375,000 + 800,000 + 1,275,000 = Rs. 2,450,000$.
- Calculate Total Purchases Cost
- For 12/03/2024: $1,200 \times 550 = Rs. 660,000$
- For 15/03/2024: $1,000 \times 600 = Rs. 600,000$
- For 23/03/2024: $1,500 \times 700 = Rs. 1,050,000$
Total purchases cost = $660,000 + 600,000 + 1,050,000 = Rs. 2,310,000$.
- Calculate Remaining Stock After Sales
Total units sold = $500 + 1,000 + 1,500 = 3,000$.
Total available stock = Opening stock + Purchases = $800 + 1,200 + 1,000 + 1,500 = 4,500$.
Remaining stock = Total available stock - Total units sold = $4,500 - 3,000 = 1,500$ units.
- Summary of Results
The results summarize the total sales revenue, total purchases cost, and the remaining stock:
- Total Sales Revenue: Rs. 2,450,000
- Total Purchases Cost: Rs. 2,310,000
- Remaining Stock: 1,500 units
- Total Sales Revenue: Rs. 2,450,000
- Total Purchases Cost: Rs. 2,310,000
- Remaining Stock: 1,500 units
More Information
This calculation reflects the performance of inventory over the mentioned period. Understanding sales and purchases helps in managing stock levels and identifying profit or loss from sales activities.
Tips
- Forgetting to include the opening stock in total stock calculations.
- Miscalculating total revenue or purchase costs by not multiplying the correct number of units by the price per unit.
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