FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
H9990.
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 Group Cost A ABB 123456789 9 C CUDD с RM 100 150 230 250 360 270 240 360 370 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.
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Transcribed Image Text: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 Group Cost A ABB 123456789 9 C CUDD с RM 100 150 230 250 360 270 240 360 370 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.
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