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what are the answer for these? Q3 The selling price of inventory of Jostle Ltd at 28 February is $268,000. The company marks up its

what are the answer for these?

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Q3 The selling price of inventory of Jostle Ltd at 28 February is $268,000. The company marks up its goods by 34%. One quarter of the inventory has been damaged in a flood and will be sold for $19,000. Which of the following will be the correct value for closing inventory at 28 February in the statement of financial position? a $188,000 b $169,000 C $151,660 d $87,340Q6 Q7 At 1 February 2020, trade receivables of Jonx Ltd are $227,406. In February, cash received from customers was $905,100 and discounts allowed were $3,500. Bad debts written off in the month were $20,500. A sales ledger/purchase ledger contra of $7,300 was agreed with James & Co, a company which is both a customer of and a supplier to Company X. At 28.2.20, trade receivables are $165,004. What were the sales during February? Sales $859,398 $873,998 $852,398 $1,328,810 On 1 February 2020, Laptops Limited had 40 computers in inventory costing $1,220 each. During the month, the following transactions occurred: ml $1,300 m 13.2.20 $1,360 17.2.20 Bu 40 $1,350 $1,500 What is the (i) value of inventory at 28.2.20 and (ii) the cost of goods sold (COGS) for the month of February 2020 using the LIFO basis? I.\" COGS !- 134,800 168,400 a 131,600 171,600 133,200 170,000 d 132,800 170,400 Q12 Smash Limited makes crockery. The materials budget for February's output of 3,000 teapots was 2,400 kg of material, $21,120. In fact, 3,200 pots were made and the actual material used 2,740kg costing $22, 194. The materials price and efficiency variances were as follows: Materials price variance $ Materials efficiency variance $ a $1,918 unfavourable $1,584 favourable b $1,918 favourable $3,168 favourable C $1,918 favourable $3,168 unfavourable d $1,918 favourable $1,584 unfavourable

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