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mini exercises Q.no 2 (RElated cost of sales)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › mini exercises Q.no 2 (RElated cost of sales)

  • This topic has 3 replies, 2 voices, and was last updated 11 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • March 13, 2014 at 5:48 pm #162294
    im.waqas
    Member
    • Topics: 1
    • Replies: 1
    • ☆

    i am not understanding that..opening inventory and closing inventory..just purchases and cost of sales is given…

    March 13, 2014 at 6:28 pm #162301
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23328
    • ☆☆☆☆☆

    Use basic algebra. Let “x” = opening inventory. Then closing inventory is “1.3x” (from memory)

    Now solve to find the value of “x”

    If that doesn’t do it for you, post again, but give me ALL the relevant details from the question – I’m sorry but I don’t have access to the course notes

    March 14, 2014 at 11:44 am #162347
    im.waqas
    Member
    • Topics: 1
    • Replies: 1
    • ☆

    thanks a lot sir..i understood..again thanks..please carry on replying us

    March 14, 2014 at 6:28 pm #162374
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23328
    • ☆☆☆☆☆

    Of course I shall, and you’re welcome

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