Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

11. Ah Sung has a business buying and selling parts for machines. You are given the following information about Part Q. At 1 April there

image text in transcribed
11. Ah Sung has a business buying and selling parts for machines. You are given the following information about Part Q. At 1 April there were 200 units in the warehouse which cost $3.20 each. In the month of April purchases were: April 5 Units 100 150 100 10 Cost per unit $3.20 $3.00 $3.00 27 At 30 April there were 300 units in the warehouse and the net realisable value of each unit was $3.00. Required Calculate the following for Part Q. Show all workings. (a) The value of inventory at 1 April. (b) The total cost of purchases for April. (c) The value of inventory at 30 April (d) The number of units sold in April. (e) The cost of goods sold for the month of April. [IGCSE 2008)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting Fundamentals Essential Concepts And Examples

Authors: Steven M. Bragg

6th Edition

1642210234, 9781642210231

More Books

Students also viewed these Accounting questions