Outdoors Ltd has closing inventory valued at 53,000. Included in this value are 23 food packs...
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Outdoors Ltd has closing inventory valued at £53,000. Included in this value are 23 food packs costing £59 each which are out of date and now cannot be sold. Also included are 17 tents at a cost of £258 each with a selling price of £470. These are now old stock and will be sold at a 50% discount on the original price. At what value should EACH tent be included in closing inventory? Choose.... What is the total value of closing inventory for Outdoors Ltd? Choose... (Select your answer in each dropdown menu) Choose... Choose... €51,252 €52,609 £258 £53,000 £51,643 €3,995 £235 £4,386 Both questions have same "choose" value option Outdoors Ltd has closing inventory valued at £53,000. Included in this value are 23 food packs costing £59 each which are out of date and now cannot be sold. Also included are 17 tents at a cost of £258 each with a selling price of £470. These are now old stock and will be sold at a 50% discount on the original price. At what value should EACH tent be included in closing inventory? Choose.... What is the total value of closing inventory for Outdoors Ltd? Choose... (Select your answer in each dropdown menu) Choose... Choose... €51,252 €52,609 £258 £53,000 £51,643 €3,995 £235 £4,386 Both questions have same "choose" value option
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As per Accounting standards inventory should be val... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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