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Nur

Forums › Ask ACCA Tutor Forums › ACCA Ethics and Professional Skills Module › Nur

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by Kim Smith.
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    Posts
  • September 5, 2021 at 6:53 am #634367
    nurane
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    Antoine started in business on 1 April 2007. He buys clocks, repairs them in his factory and resells them. He has incurred the following costs for April 2007:

    Materials: $62,025
    Shipping inwards: $9823
    Selling expenses: $6213
    Import Duty: $2615
    Labour: $38,092
    Postage and packaging to customers: $986
    Factory Rent: $16,500

    The labour and factory rent costs were incurred solely on the repair of clocks. All of the clocks have been sold during the month and there is no inventory or work in progress at the end of April.

    What is Antoine’s cost of sales for the month ended 30 April 2007?

    September 5, 2021 at 8:40 am #634385
    Kim Smith
    Keymaster
    • Topics: 100
    • Replies: 6789
    • ☆☆☆☆☆

    Welcome to OpenTuition forums Nur – but you have posted to the wrong forum – this is specifically for questions about ACCA’s Ethics and Professional Skills module (“EPSM”). You need to select the appropriate EXAM from here if you want a fellow student to reply https://opentuition.com/forum/acca-forums or here for a tutor https://opentuition.com/forum/ask-acca-tutor-forums

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