bpp p&r kit q30.1 sep 2015 -august 2016

This topic has 5 replies, 3 voices, and was last updated 8 years ago by John Moffat.

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October 11, 2016 at 11:42 pm #342999
caoimhin23
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q30. 1 part c
Material X purchases budget in kg
=closing inventory + Production – opening inventory
=96000/12 + 159,000 -5000
=162000
Where is the closing inventory figure coming from as should it not be 159,000/12?
October 12, 2016 at 2:10 am #343009
John Moffat
Keymaster
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I am currently on vacation and so do not have the BPP Revision Kit with me.
I will be home tomorrow (Thursday) and so if you ask again tomorrow, then I will try and help you.
October 12, 2016 at 8:35 pm #343088
firelion28
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wow sir. u r so dedicated
enjoy your well deserved vacation! 😀
October 13, 2016 at 7:26 am #343125
John Moffat
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Thank you for waiting – I am home now 🙂
The question says that the opening inventory is 5,000 kg. (It is the closing inventory that is one months worth of production).
October 15, 2016 at 8:49 am #343331
caoimhin23
Member
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hi john,
But if its one month worth of production is that not 159,000 divided by 12?
As production is 159,000. so is the closing inventory wrong
October 15, 2016 at 5:04 pm #343359
John Moffat
Keymaster
- Topics: 57
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Sorry – I don’t know why, but I misread your original question 🙁
You are quite correct. They have got the closing inventory wrong (and I guess that it why they have removed this question from the new edition of their Revision Kit 🙂 )
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