Work out how the answers in Tables 5.3 and 5.4 would change if the inventory levels were
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Work out how the answers in Tables 5.3 and 5.4 would change if the inventory levels were rising. Then check with the next section.
Tables 5.3
Tables 5.4
Transcribed Image Text:
Month of August Sales (10,400 at 20) Opening inventory (400 at 16) Costs of production (10,000 at 16) Less closing inventory Cost of goods sold Profit 6,400 160,000 208,000 (166,400) 41,600
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The tables youve provided seem to be accounting profit and loss statements for a company for the month of August with Table 53 following a traditional ...View the full answer
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