Accounting 0452 · IGCSE · Valuation of inventory

Valuation of inventory — practice question

Asha gave the following details about her inventory at the close of the financial year. Product P: 200 units, cost price per unit $2.50, selling price per unit $2.00. Product J: 300 units, cost price per unit $3.00, selling price per unit $3.50. What was the overall value of Asha’s inventory?

  • A$1300
  • B$1400
  • C$1450
  • D$1550

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