Nikoloz Ltd manufactures a single product. Its goods are transferred from the factory at cost plus 25
Question:
Nikoloz Ltd manufactures a single product. Its goods are transferred from the factory at cost plus 25 percent.
The following information is available at 31 October 2014.
Prepare a statement of financial position extract to show the inventories held by Nikoloz Ltd at 31 October 2014.
Transcribed Image Text:
Inventory of finished goods at cost plus 25% 42 000 Inventory of raw matenals Inventory of work in progress 16 100 23 800 o %24
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Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
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