Please can you check if the answer on the excel is correct? 1. Opening stock was valued
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Please can you check if the answer on the excel is correct?
1. Opening stock was valued at $150,000 and the closing stock as at 30 June 2018 was based on several methods a) Cost $165,000 b) Market $175,000
c) Base Value $145,000. Jimmy wished to minimize his profits on the business
under income, which amounts for closing inventory should we use?
Related Book For
Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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