PCR - Task 1.1 i)

System

Hi Could someone please tell me how this should have been done.<BR>I done Turnover<BR> Less Material<BR> Less Labour<BR> Closing stock<BR> Profit <BR><BR>Thanks

System

PCR - Task 1.1 i)

You were almost right. You didn't add opening stock and take away closing stock. The hint was in the question about FIFO. Hope this helps.

System

PCR - Task 1.1 i)

Yes you should add opening stock value and deduct closing stock value