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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Inventory question
Hi Mike,
Can you please help me with the following question?
Catt sells goods at a margin of 50%. During the year to 31 March 20×3 the business made purchases totalling 134025 240,000. Inventories in hand at 31 march, valued at cost, was 11385 higher than the corresponding figure at 1 April 20×2.
What was the cost of the goods Catt had drawn out?
A-2,640
B-14,590
C- 25410
D-37360
Thanks!
Have you not read any of my replies to all your previous questions?
I am not called Mike, and this forum is not to just ask for answers to test questions.
Have you watched all of the free lectures? What answer have you calculated?