Question: NET Computers sold 20 modems for $60 on 30 April. At that date, the stock card for the modems sold had a total of 50

NET Computers sold 20 modems for $60 on 30 April. At that date, the stock card for the modems sold had a total

NET Computers sold 20 modems for $60 on 30 April. At that date, the stock card for the modems sold had a total of 50 modems on hand at an average cost of $45.50 each. What is the cost of the modems recognised in the income statement? Assume the weighted average method of costing is used. $910.$1200.$2275.$3000. Which of the following is not included in the cost of inventory as defined by IAS 2/AASB 102? Cost of purchase. Import duties. GST. Costs incurred in bringing the inventory to its present location and condition

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