Home For AAT student members AQ 2016 Professional Diploma in Accounting Management Accounting: Budgeting

Chapter 4, activity 6b

In the answers it states the closing inventory of finished goods is valued at budgeted production cost per unit, can anyone advise how this is calculated.
Thanks

Answers

  • mcmcmcmc Registered Posts: 7
    Hi, maybe you've worked this out, but it is

    = Total Cost of Production / Production (units) x Closing inventory of finished goods (units)
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