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Pages:
3 pages/≈825 words
Sources:
Check Instructions
Style:
Check Instructions
Subject:
Accounting, Finance, SPSS
Type:
Exam
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 7.5
Topic:

Corporate Management Accounting

Instructions:
A wholesaler had an opening inventory of 330 units of mavis valued at £75 each on 1 February.

The following receipts and sales were recorded during February.

Content:

Unit: CORPORATE MANAGEMENT ACCOUNTING

STRUCTURE OF THE EXAM QUESTIONS

Part 1 - Objective-test questions: Choose the best answer and give explanations.

1. A wholesaler had an opening inventory of 330 units of mavis valued at £75 each on 1 February.

The following receipts and sales were recorded during February.

4 February

Received 180 units at a cost of

£85 per unit

18 February

Received 90 units at a cost of

£85 per unit

24 February

Sold 432 units at a price of

£90 per unit

Using the cumulative weighted average cost method of valuation,

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