Question
Question 1 At the end of the year 1, the company Svingen AB had 200 goods left in stock to a value of SEK 15,000.
Question 1 At the end of the year 1, the company Svingen AB had 200 goods left in stock to a value of SEK 15,000. The following purchases and sales were made during the second financial year:
1 January Purchase of goods on credit 700 pieces for a total of SEK 77,000
1 June Purchase of goods on credit 1,600 pieces for a total of SEK 160,000
1 August Sale of goods on credit, 1,600 pieces, unit price SEK 200
Answer the questions below regarding valuation of stock. The inventory's net sales value at the end of the year is SEK 95,000.
a) Enter the acquisition value in SEK at the end of the year in year 2, according to the FIFU method. ??????SEK
b) Enter the highest value in SEK that the stock can be valued at at the end of the year, year 2. ???????SEK
c) Enter the lowest value in SEK that the stock can be valued at at the end of the year, year 2. ????????SEK
d) What is the gross profit in SEK if UB inventory is valued at the maximum permissible value? ????????SEK
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