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# FSTP- sample assessment 2

monica1986
Registered Posts:

**1**
Hello

I am struggling to understand the task 2 in the sample assessment 2 available on the website , particularly the point B and C.

I would have thought the cost of goods sold would be 52,800, however the answer is 55,000, I am not sure how to relate this answer and find out how this figure has been calculated.

And how do we calculate the Inventory if we only have cost of sales and purchases ?

Please help! thank you

I am struggling to understand the task 2 in the sample assessment 2 available on the website , particularly the point B and C.

I would have thought the cost of goods sold would be 52,800, however the answer is 55,000, I am not sure how to relate this answer and find out how this figure has been calculated.

And how do we calculate the Inventory if we only have cost of sales and purchases ?

Please help! thank you

0

## Comments

218Answer

66,000/120x100 = 55,000

Finding the inventory remaining is much easier for this example. Simply minus the previous answer (cost of goods sold) from the purchases. Because this is a new company it has no opening inventory.

59,120 - 55,000 = 4,120

This is a good opportunity to really get to grips with percentages. I am much better since doing L3, although it was Costs and Revenues and Cash Management I started with and needed it for those modules too. There is a MyAAT webinar on this module and part of it covers mark up and margins, along with other missing record tasks.