JJ Victory acquired its 60% interest in DAC on 1 January 2022 when the retained earnings...

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JJ Victory acquired its 60% interest in DAC on 1 January 2022 when the retained earnings of DAC £50.5 million. DAC sold engines to JJ Victory during the year for a total sales value of £3.5 million on credit. The cost to DAC for those goods was £2.1 million. On 30 September 2022, 50% of these engines have been used in JJ Victory's motorcycles which have all been sold to third party customers. The rest of the engines remain in JJ Victory's inventory at cost (cost to JJ Victory). Question: The figure to include as group 'Cost of sales' in the consolidated statement of profit or loss of JJ Victory group for the year ended 30 September 2022 is: O a.£773.4 million Ob.£795.6 million Oc.£770.6 million d. £769.9 million e.£804.0 million JJ Victory acquired its 60% interest in DAC on 1 January 2022 when the retained earnings of DAC £50.5 million. DAC sold engines to JJ Victory during the year for a total sales value of £3.5 million on credit. The cost to DAC for those goods was £2.1 million. On 30 September 2022, 50% of these engines have been used in JJ Victory's motorcycles which have all been sold to third party customers. The rest of the engines remain in JJ Victory's inventory at cost (cost to JJ Victory). Question: The figure to include as group 'Cost of sales' in the consolidated statement of profit or loss of JJ Victory group for the year ended 30 September 2022 is: O a.£773.4 million Ob.£795.6 million Oc.£770.6 million d. £769.9 million e.£804.0 million

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