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PURP

This topic has 4 replies, 2 voices, and was last updated 9 years ago by HazE.

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July 2, 2015 at 8:58 pm #259367
Veenshee
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Hi sir. Can you please help?
During the year ended 31 Oct 20×5 Black sold goods which originally cost $12 milion to Bury. Black invoiced Bury at cost plus 40% Bury still has 30% of these goods in inventory at 31 Oct 20×5.
July 2, 2015 at 9:19 pm #259370
HazE
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whats the question here?
July 2, 2015 at 9:23 pm #259372
Veenshee
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My question is how to calculate PURP?
July 2, 2015 at 9:26 pm #259373
Veenshee
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Im practising consolidated financial statements from BPP. But unfortunately I don’t have answers reference. Black amd Bury
July 2, 2015 at 10:16 pm #259378
HazE
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Cost to black it says is 12 million and you add 40 percent to that and will get what it cost to bury
12 million + 40 percent of 12 million (4800,000)= 16800,000
and 30 percent of it is still in inventory so…
30% of 16800,000= 1440,000
thats ur PURP
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