Accounting 0452 · IGCSE · Valuation of inventory

Valuation of inventory — practice question

Asha gave the following details for her inventory at the close of the financial year. Product P: number of units $200$, cost price per unit $2.50$, selling price per unit $2.00$. Product J: number of units $300$, cost price per unit $3.00$, selling price per unit $3.50$. Calculate the total value of Asha’s inventory.

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

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