The historical cost of sales figure for Pear Ltd for the year ended 31 December 2003 is

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The historical cost of sales figure for Pear Ltd for the year ended 31 December 2003 is calculated as follows:

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Price indices for inventory are as follows:

Required:

Assuming that purchases occur evenly throughout the year, calculate the cost of sales adjustment for Pear Ltd for 2003.

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Business Accounting Uk Gaap Volume 2

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Authors: Alan Sangster, Frank Wood

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Question Posted: May 27, 2024 02:06 AM

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The historical cost of sales figure for Pear Ltd for the year ended 31 December 2003 is

Question:

Opening stock Purchases Closing stock Cost of sales E 50,000 450,000 500,000 ( 70,000) 430,000

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Business Accounting Uk Gaap Volume 2

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