Question: Question 2 Part A The following data are available for the ending inventory of Temperature Ltd as at June 30, 2020: Stock code Quantity Unit

Question 2 Part A The following data are available for the

Question 2 Part A The following data are available for the ending inventory of Temperature Ltd as at June 30, 2020: Stock code Quantity Unit Cost ($) Selling Price per unit ($) TCP SES 4,000 2,500 $ 18 $ 63 $ 20 $ 60 (1) What should be the reported value of total ending inventory as at June 30, 2020? Show all your workings clearly. (4 marks) (ii) Prepare the journal entries to record the write-off of inventory value. Include narrations and show all your workings clearly. (4 marks)

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