Essay Available:
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.
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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