Budgeting Practice Paper 1 on AAT (2010) Question 1.3

topcattopcat Trusted RegularRegistered Posts: 452
Hi,

on this question how is closing inventory £10000?

i have been staring at a screen for 15 minutes and its not coming to me

thank you

Comments

  • kkellykkelly Feels At Home Registered Posts: 51
    Hi topcat,
    The total cost of production is 60,000. divide by 30,000 units produced and multiply by closing stock of 5000 units = 10,000.
    Regards
    Kevin
  • topcattopcat Trusted Regular Registered Posts: 452
    kkelly wrote: »
    Hi topcat,
    The total cost of production is 60,000. divide by 30,000 units produced and multiply by closing stock of 5000 units = 10,000.
    Regards
    Kevin


    Hi Kevin,

    Thank you very much for taking the time to look at that for me i now understand :001_smile:
  • topcattopcat Trusted Regular Registered Posts: 452
    kkelly wrote: »
    Hi topcat,
    The total cost of production is 60,000. divide by 30,000 units produced and multiply by closing stock of 5000 units = 10,000.
    Regards
    Kevin


    Hi Kevin,

    Thank you very much for taking the time to look at that for me i now understand :001_smile:
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