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Inventory question

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Inventory question

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • June 12, 2016 at 10:24 am #322532
    faze
    Participant
    • Topics: 15
    • Replies: 40
    • ☆☆

    Hi Mike,

    Can you please help me with the following question?

    Catt sells goods at a margin of 50%. During the year to 31 March 20×3 the business made purchases totalling 134025 240,000. Inventories in hand at 31 march, valued at cost, was 11385 higher than the corresponding figure at 1 April 20×2.

    What was the cost of the goods Catt had drawn out?

    A-2,640
    B-14,590
    C- 25410
    D-37360

    Thanks!

    June 12, 2016 at 1:03 pm #322557
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54835
    • ☆☆☆☆☆

    Have you not read any of my replies to all your previous questions?

    I am not called Mike, and this forum is not to just ask for answers to test questions.

    Have you watched all of the free lectures? What answer have you calculated?

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • The topic ‘Inventory question’ is closed to new replies.

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