Semi-complete goods on which costs to date amount to 100 per unit, will require a further 60
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Semi-complete goods on which costs to date amount to £100 per unit, will require a further £60 per unit to complete, plus £ 15 selling expenses per unit. Estimated unit selling price is £ 140.
These goods should each be included in the closing Balance Sheet at:
(a) £100 ;
(b) £125 ;
(c) £140;
(d) £65 .
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Related Book For
Financial Accounting And Reporting An Introduction
ISBN: 978-0333346402
1985 Edition
Authors: R. Limmack
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