The Pottery Co has recently undertaken their year end inventory inspection. During the inspection some items were discovered which had been damaged. A vase which had originally cost 184 and would have sold for 465 will now have to be discounted and sold for 209. 395 dinner sets which had originally cost 55 each and would have sold for 89 now need repair work costing 63 for each set. They can then be sold at the original selling price. At what value should the vase be included in closing inventory? What is the total value of the 395 dinner sets to be included in closing inventory? E (Enter the values with no sign, comma or decimal places) Outdoors Ltd has closing inventory valued at 52,500. Included in this value are 22 food packs costing 58 each which are out of date and now cannot be sold. Also included are 16 tents at a cost of 256 each with a selling price of 466. These are now old stock and will be sold at a 50% discount on the original price. At what value should EACH tent be included in closing inventory? Choose... - What is the total value of closing inventory for Outdoors Ltd? Choose... (Select your answer in each dropdown menu) The Property Co Ltd have recently purchased a building at a cost of 3,750,000. They have estimated that this will have a useful life of 25 years and a residual value of 1,100,000. They have not yet decided whether to depreciate this using the straight line method or the reducing balance method at 6% per annum. The Property Co Ltd have a policy of charging a full year's depreciation in the year of purchase and none in the year of sale. What would be the value of the depreciation for the first two years under the straight line method? 21200 What would be the value of the depreciation for the first TWO years under the reducing balance method? 436500 (Enter the values with no E sign, comma or decimal places) If closing inventory has been undervalued by 22,000, which of the following statements would be true? Select one: O A. Payables are overstated by 22,000 B. Profit is understated by 22,000 O C. Purchases are understated by 22,000 O D. Sales are overstated by 22,000 Clear my choice