A firm buys and sell two models, P and Q. The following unit’s cost are available (all figures are in GHc and all the cost are borne by the firm). P Q Purchase 100 200 Delivery cost from supplier 20 30 Delivery costs to customer 22 40 Packaging costs 15 18 Selling price 150 300 Required: calculate the figure to be included in closing inventory for a unit each model, according o IAS 2 Inventories.
A firm buys and sell two models, P and Q. The following unit’s cost are available (all figures are in GHc and all the cost are borne by the firm). P Q Purchase 100 200 Delivery cost from supplier 20 30 Delivery costs to customer 22 40 Packaging costs 15 18 Selling price 150 300 Required: calculate the figure to be included in closing inventory for a unit each model, according o IAS 2 Inventories.
Chapter4: Operating Activities: Sales And Cash Receipts
Section: Chapter Questions
Problem 2.3C
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A firm buys and sell two models, P and Q. The following unit’s cost are available (all figures are in GHc and all the cost are borne by the firm).
|
P |
Q |
Purchase |
100 |
200 |
Delivery cost from supplier |
20 |
30 |
Delivery costs to customer |
22 |
40 |
Packaging costs |
15 |
18 |
Selling price |
150 |
300 |
Required: calculate the figure to be included in closing inventory for a unit each model, according o IAS 2 Inventories.
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