A firm has the following transactions with its product R for the year to December 3 1
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Question:
A firm has the following transactions with its product R for the year to December
January Opening inventory valuation: Nil
February Buys units at $ per unit
February Buys units at $ per unit
April Sells units at $ per unit
August Buys units at a total cost of $
December Sells units and received total revenue of $
December closing inventory valuation: $
Other information for the year:
Cost of transporting inventory purchased from supplier $
Depreciation expense for the year on noncurrent assets $
General administrative expenses $
Investment income from securities $
Selling and distribution expenses $
Finance costInterest expense $
Non current assets cost at end of period $
loan $
What is the total revenue received from the sale of inventory during the year?
Posted Date: