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D Question 5 3 pts At 31 March 2020 TEX Ltd had 10,000 units of product Gen-10 in inventory, included at cost of 5.50 per
D Question 5 3 pts At 31 March 2020 TEX Ltd had 10,000 units of product Gen-10 in inventory, included at cost of 5.50 per unit. During April and May 2020. units of Gen 10 were being sold at a price of 6 each, with sales staff receiving a 20% commission on the sales price of the product as the total selling cost. At what amount should inventory of product Gen-10 be recognised in the financial statements of TEX Ltd as at 31 March 2020? 60.000 40,000 O 48.000 55,000
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