PCR - Task 1.1 i)

System Posts: 100,534 🤖 Admin 🤖

June 2005 edited June 18 in AAT student discussion

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

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  System Posts: 100,534 🤖 Admin 🤖

  June 2005

  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.

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  System Posts: 100,534 🤖 Admin 🤖

  June 2005

  PCR - Task 1.1 i)
  
  Yes you should add opening stock value and deduct closing stock value

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