HELP
Nataliedory
AAT Student Posts: 26
Hi,
I’m struggling to get to the answer on practice assessment 1, task 3 for budgeting. Can someone please explain how they get the answer for the production @1.45 per kg?
I’m struggling to get to the answer on practice assessment 1, task 3 for budgeting. Can someone please explain how they get the answer for the production @1.45 per kg?
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Thank you. Are you able to help me on task 3 b) how to work out the closing inventory of finished goods figure to get to £95,760?0

Closing inventory of finished goods is multiplied by the production cost per unit
Closing inventory you take from the scenario, production cos per unit you get when you devide the total production cost to the number of production unitsAAT Level 2. 2018 Distinction
AAT Level 3. 2018 Distinction
AAT Level 4. 2019 FSLC 100% MABU 93% MADC 82% PDSY 80%
Xero Certified Advisor1 
I must be using the wrong figures because it isn’t coming to that total? Thank you for your help x0

Don’t worry I’ve done it xx0

I saw this and thought it might be useful for anybody else to see the figures used:
Production cost: £974,400
Total number of production units: 348,000
974,400 / 348,000 = £2.80
Closing inventory given in the Scenario of: 34,200 x £2.80
= 95,7600