BRALIRWA Ltd sells four products SOFT DRINKS, PRIMUS, MUTZIG and TURBOfollowing information was available at the year-end (December 31, 2020):PRIMUS MÜTZIG TURBOKINGCost "Frw"Net realizable value "Frw"Units "Crates"SOFTDRINKS7,00010,00097,50010,0008,000197,00010,9007,200216,90010,50010,70037,120TheRequired:1. What is the total Inventory amount to be reported in the statement of financial position of BRALIRWA onDecember 31, 2020? (Show your detailed computations)2. Carry out any necessary journal entry (if there is) relating to the table above

Name: BRALIRWA Ltd sells four products SOFT DRINKS, PRIMUS, MUTZIG and TURB
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Description: BRALIRWA Ltd sells four products SOFT DRINKS, PRIMUS, MUTZIG and TURBOfollowing information was available at the year-end (December 31, 2020):PRIMUS MÜTZIG TURBOKINGCost "Frw"Net realizable value "Frw"Units "Crates"SOFTDRINKS7,00010,00097,50010,0008

Inventory is a key component of many businesses, and as such, it is typically presented on the…

Business

Accounting

BRALIRWA Ltd sells four products Following information was available at the year-end (December 31, 2020); SOFT DRINKS Cost "Frw" Net realizable value "Frw" Units "Crates" PRIMUS MÜTZIG TURBO KING 7,000 10,000 10,000 8,000 97,500 197,000 10,900 7,200 216,900 10,500 10,700 37,120 Required: What is the total Inventory amount to be reported in the statement of financial position of BRALIRWA December 31, 2020? (Show your detailed computations) Camout any necessary journal entry (if there is) relating to the table above

BRALIRWA Ltd sells four products Following information was available at the year-end (December 31, 2020); SOFT DRINKS Cost "Frw" Net realizable value "Frw" Units "Crates" PRIMUS MÜTZIG TURBO KING 7,000 10,000 10,000 8,000 97,500 197,000 10,900 7,200 216,900 10,500 10,700 37,120 Required: What is the total Inventory amount to be reported in the statement of financial position of BRALIRWA December 31, 2020? (Show your detailed computations) Camout any necessary journal entry (if there is) relating to the table above

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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