Accounting 0452 · IGCSE · Valuation of inventory

Valuation of inventory — practice question

When the financial year ended, Gina had the following clothing items in her inventory: - 100 t-shirts: cost price per unit $15, selling price per unit $30 - 200 dresses: cost price per unit $40, selling price per unit $30 What total value did Gina’s inventory have?

  • A$7500
  • B$9000
  • C$9500
  • D$11000

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI