A firm has the following transactions with its product R for the year to December 31. 2021 Opening inventory valuation: Nil Time left 1:55:50 1 January 2021 1 February 2021 Buys 15 units at $3000 per unit 11 February 2021 Buys 12 units at $2500 per unit 1 April 2021 Sells 10 units at $4000 per unit 1 August 2021 Buys 6 units at a total cost of $30 000 1 December 2021 Sells 12 units and received total revenue of $100 000 31 December 2021 closing inventory valuation: $27 000 Other information for the year: Cost of transporting inventory purchased from supplier Depreciation expense for the year on non-current assets General administrative expenses Investment income from securities Selling and distribution expenses Finance cost/Interest expense Non- current assets cost at end of period 4.4% loan The total operating expenses for the period is............ $ 3200 $ 4200 $33100 $ 9000 $6700 $2200 $60 000 $50 000 7

Transcribed Image Text:

A firm has the following transactions with its product R for the year to December 31, 2021 1 January 2021 1 February 2021 Opening inventory valuation: Nil Buys 15 units at $3000 per unit 11 February 2021 Buys 12 units at $2500 per unit Time left 1:55:50 1 April 2021 1 August 2021 Sells 10 units at $4000 per unit Buys 6 units at a total cost of $30 000 Sells 12 units and received total revenue of $100 000 1 December 2021 31 December 2021 closing inventory valuation: $27 000 Other information for the year: Cost of transporting inventory purchased from supplier Depreciation expense for the year on non-current assets General administrative expenses Investment income from securities Selling and distribution expenses Finance cost/Interest expense Non-current assets cost at end of period 4.4% loan The total operating expenses for the period is.............. $ 3200 $4200 $33100 $ 9000 $6700 $2200 $60 000 $50 000 A firm has the following transactions with its product R for the year to December 31, 2021 1 January 2021 1 February 2021 Opening inventory valuation: Nil Buys 15 units at $3000 per unit 11 February 2021 Buys 12 units at $2500 per unit Time left 1:55:50 1 April 2021 1 August 2021 Sells 10 units at $4000 per unit Buys 6 units at a total cost of $30 000 Sells 12 units and received total revenue of $100 000 1 December 2021 31 December 2021 closing inventory valuation: $27 000 Other information for the year: Cost of transporting inventory purchased from supplier Depreciation expense for the year on non-current assets General administrative expenses Investment income from securities Selling and distribution expenses Finance cost/Interest expense Non-current assets cost at end of period 4.4% loan The total operating expenses for the period is.............. $ 3200 $4200 $33100 $ 9000 $6700 $2200 $60 000 $50 000