H9990. c. Basic buys and sells a number of finished goods. As at the end of theyear a stock-take was done and the following data were obtained.ItemGroup CostA ABB1234567899CCUDDсRM100150230250360270240360370Estimatedselling priceRM180100270380300440260380360Estimatedcost to sellRM10515202040404010Required:Compute the value of the inventory that will be disclosed in the statementof financial position.

The inventory is a current asset of the company because it is intended to be sold within one year.…

c. Basic buys and sells a number of finished goods. As at the end of the year a stock-take was done and the following data were obtained. Item 1 2 3 4 5 6 7 8 9 Group Cost RM 100 150 230 A A B B C с C C D D 250 360 270 240 360 370 Estimated selling price RM 180 100 270 380 300 440 260 380 360 Estimated cost to sell RM 10 5 15 20 20 40 40 40 10 Required: Compute the value of the inventory that will be disclosed in the statement of financial position.

c. Basic buys and sells a number of finished goods. As at the end of the year a stock-take was done and the following data were obtained. Item 1 2 3 4 5 6 7 8 9 Group Cost RM 100 150 230 A A B B C с C C D D 250 360 270 240 360 370 Estimated selling price RM 180 100 270 380 300 440 260 380 360 Estimated cost to sell RM 10 5 15 20 20 40 40 40 10 Required: Compute the value of the inventory that will be disclosed in the statement of financial position.

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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