Inventory (IAS 2) – ACCA (SBR) lectures
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should be adding the cost to completion? why nobody answered the students who asked? why 2 tutors for the same subject? i think sbr is disastrous
Just that you haven’t take your time to listen intently to the 2 tutors, they delivered a superb lecture, it was great learning experience with SBR, there is nothing bad in having 2 tutors to handle a course, they just delivered on their area of strength and expertise so to speak.
Mommy and Daddy Sheep ??
Hi, Please why is conversion cost not added to the cost
I guess because in the question, there is no quantity given to items in stage 2
Hi,
Please explain the reason for taking s.p at 1440 for first stage? I am unable to understand the reason.
Hiya,
That is simply the selling price minus the selling cost. It’s quicker to subtact that because (200,000 x 1450) – (200,000 x 10) = 200,000 (1450-10) = 200,000 x 1440.
hi, may i know why the calculation about the 1st stage inventory could not use the new selling price specifically for it (950) directly reduce the 10 dollar selling cost? thanks
Hi Chris,
When working out the new NRV figure how come you are using the finished product cost (1500) instead of the finished cost selling price of 1700?
Thanks
Hey Chris,
May l please ask why in the calculation of Production process 1st stage, we used the cost of $1000 instead of the new one of $950?, as we did with the finished product from $1700 to $1450.
Many thanks,
Mercy
Hi, could I understand the reason why we need to take into account the change of finished goods (from 1700 to 1450) after year-end is this is a subsequent event that affects the relevant information at the reporting point? Thanks!