12:02 Done Lst1.docx 24. Which of the following does not determine the cost of inventory? Select one: Ca. Inventory design fees b. Non-refundable import duties c. Inventory storage cost Cd. Delivery cost 25. Easy Baskets Led sells custom made baskets at 25% mark- up. They have product B1 which cost NS1,500 per unit. They currently have 100 units of product Blon hand. Ignore VAT. Given the above information, what is the selling price of product BI? Select one: Ca NS2,000 CbNS1,875 Cc. NS500 Cd. N$375 26. Kafoi's Nursery uses a perpetual inventory system. They recently sold snake plants at a total sales value of N$5,000. They base their gross profit on a mark-up of 10%. Calculate cost of goods sold Select one: Ca. N$4,500 b. NS4,545 Cc. NS5,000 Cd. N$5,500 27. What does step 4 of the IFRS 15 revenue recognition process entail? Select one: aAssigning transaction price to performance obligation b. Determining the performance obligation Cc. Deducting VAT from selling price d. Determining the transaction price 28. Which type of inventory is presented in the statement of financial position? Select one: Ca Closing inventory b. Opening inventory c. Whichever is lower between cost and Net realizable value Cd. Cost of sales 29. On 1" of March 2019, Emesto Trading CC, a non-registered VAT Vendor, having considered it's 15 year output outlook, decided to buy an additional Machinery to the value of NS 366 000 (excl VAT) for business use, in hope of getting production to desired levels. Installation and Supervisor training costs in order to get production going were NS 27 450 and NS 13 500 inclusive of VAT, respectively. The Carrying amount of the Machinery in the Emesto Trading CC's books is: (2 marks) Select one Ca. NS 393 450 CbNS 406 950 Cc. NS 389 870 Cd. NS 448 350