| 正文 |
Question：Harrow Co sells one line of inventory. At the year-end it has 200 units in inventory which originally cost $10 per unit and had incurred delivery costs of $120 in total.
They expect these goods to sell for $13 per unit. Harrow Co incurs selling costs amounting to 10% of the selling price on all its sales.
In the statement of financial position these items should be valued at:
A. $2,600
B. $2,080
C. $2,120
D. $2,000
The correct answer is: $2,120.
Total cost of inventory = Cost/unit ($10.60) x 200 units = $2,120.
Total net realisable value = net realisable value per unit ($13 x 90% = $11.70) x 200 units = $2,340.
Hence the inventory (200 units) will be valued at cost.
|
| 导航大图 | |
| 责任编辑 | |
| 导语 | |
| 大标题 | |
| 标题一 | |
| 标题二 | |
| 标题三 | |
| 标题四 |
相关热点：
上一篇：上一篇：ACCA练习题：Standard costing
下一篇：下一篇：ACCA练习题：Statement of cash flows
