Multiple choice

Three batches of materials A, B and C cost Rs.10, Rs. 15, and Rs. 17 respectively. Calculate the cost of material by simple average cost method.

  1. Rs. 15

  2. Rs. 14

  3. Rs. 14.50

  4. Rs.16

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

 It is Rs. 14  Average Cost of Material =   Rs. 10 + Rs. 15 + Rs. 17                                                                                              3                                                                                                                                  Rs. 42  = Rs. 14                                                                        3