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Do you remember the Inventory valuation questions for section a, I got 105000, did anyone get the same ?
Also got an accrual question picked 1,2 option.
did it say pre year end for accrual? coz i marked all to be accrued… inventory was a difficult one… i got 500000..
Can’t remember what it said if it was pre year end, but there were only 2 dates in year end that the accrual should happen, thought the other 2 dates can be recorded next period, the other 2 dates were next year I think,
I got 1050000 for inventory valuation not sure if anyone else got the same and I remember choosing option 1,2 for the accrual
Do you remember any more MCqs?
There was this inventory valuation question:
750k cost, 200k damaged, selling price for 1.2m
900k cost,300k damaged, selling price was 1mGot an answer of 1050000 not sure if it was right, like to hear if anyone got the same ?
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