(a)[11]
Prepare a statement to determine the suggested selling price per unit for both Product X and Product Y as worked out by Abdul.
(b)[9]
Prepare a statement to determine the suggested selling price per unit for both Product X and Product Y as worked out by Brian.
(c)[4]
Explain to the directors how the selling price should be set. Support your answer with reference to your calculations in parts (a) and (b) and any other relevant factors.
(d)[1]
State one reason why selling and distribution costs are excluded from a valuation of inventory that is suitable for inclusion in a statement of financial position.