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consolidated IS Q1 Dec 2008

Cchiyochan15y ago
I don't understand why we need to add back URP in inventory ( 200) when caculate cost of sales of Group?
( in this case S sells goods to P and at the end of the period one part of this goods stilll remains in P' stock).
Couls you please explain it for me?
Thank you very much.
Former userFormer user15y ago#1
URP in inventory is 800. Inventory has been overstated, so we need to correct (reduce profit). To reduce profit, you must increase COS.
MikeLittleMikeLittleTutor15y ago#2
thanks Stevieo
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