For _________________, we show purchases and changes in inventory separately.

raw materials

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work in progress

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finished goods

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none of these

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Solution

The correct option is C
finished goods

For finished goods, we show purchases and changes in inventory separately.

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Similar questions

Q. Which of the following statements are correct?
I. Inventory includes raw materials, finished goods and work-in-progress
II. Inventory is a part of the working capital
III. Inventory includes goods likely to be purchased.

Do we show separately purchases and changes in inventory separately for raw materials?

_________________ shows the effect of the material consumed, the purchases of stock in trade and the changes in inventory of work in progress and finished goods.

Q. Calculate Cost of Materials Consumed from the following:
Opening Inventory of Materials ₹2,50,000; Finished Goods ₹1,00,000; Closing Inventory of Materials ₹2,25,000; Finished Goods ₹75,000; Raw Material purchased during the year ₹15,00,000.

Q. Change in inventories of finished goods, work-in-progress and stock-in-trade means _________________________.

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For _________________, we show purchases and changes in inventory separately.

The correct option is C finished goods For finished goods, we show purchases and changes in inventory separately.

The correct option is C
finished goods

For finished goods, we show purchases and changes in inventory separately.