The inventories value for the financial statements of Q for the year ended 31 December 2009 was

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The inventories value for the financial statements of Q for the year ended 31 December 2009 was based on an inventories count on 4 January 2010, which gave a total inventories value of $836 200.

Between 31 December 2009 and 4 January 2010 the following transactions took place:

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What adjusted figure should be included in the financial statements for inventories at 31 December 2009?

a. $840 900

b. $830 100

c. $859 500

d. $832 300 ACCA adaptedLO1.

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Financial Accounting A Global Perspective

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Authors: Rod Monger

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The inventories value for the financial statements of Q for the year ended 31 December 2009 was

Question:

Purchases of goods Sales of goods (at cost) Goods returned by Q to supplier $8 600 14.000 700

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Financial Accounting A Global Perspective

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