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
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Ezekiel·
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.
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Daria·
I wonder if anyone here cares what you think...
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Colman·
Mommy and Daddy Sheep ??
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mvl25·
Hi, Please why is conversion cost not added to the cost
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Anna·
I guess because in the question, there is no quantity given to items in stage 2
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BASAR MUNSIF·
Hi,
Please explain the reason for taking s.p at 1440 for first stage? I am unable to understand the reason.
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Nina·
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.
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lacusng228·
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
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Callum·
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
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Mercy·
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
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rosenyz·
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!
Please explain the reason for taking s.p at 1440 for first stage? I am unable to understand the reason.
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.
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
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