[jascam]

Thank you both for your reply. much appreciated 🙂

[jascam]

I also had YBC same questions. Didnt think it was a fair paper. Nothing like past papers .

[jascam]

Hi, I will be sitting for my cbe F2 exam tomorrow. I just tried the online mock test here at open tuition . I got 64%. Is the mock test really an exam standard or should I worry that I might fail. Thanks

[jascam]

On 1 September 20×7, William had inventory of $590,000. During the month, sales totaled $2,200,000 and purchases $1,820,000. On 30 September 20×7 a fire destroyed some of the inventory. The undamaged goods were valued at $390,000. The business operates with a standard gross profs mark up of 10%.
What is the cost of the inventory destroyed in the fire ?

Answer is $20,000.

But I don’t know how to get to this answer. Can you please explain ?

Thank you.

[Author]

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