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The following information was obtained from the records of Jerry Enterprises on 1 May 2021: N$ Purchase price (excl VAT) 200 000 Abnormal wastage 25
The following information was obtained from the records of Jerry Enterprises on 1 May 2021: N$ Purchase price (excl VAT) 200 000 Abnormal wastage 25 000 Non-refundable import duties 33 000 Selling expenses 12 000 Conversion costs 45 000 General admin costs 30 000 Determine the costs to be capitalized to inventory in terms of IAS 2? (3 marks) a. N$345 000 b. N$308 000 c. N$290 000 d. N$278 000
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