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Balmoral Ltd Commenced Business on 1 July 2003

Question 36

Multiple Choice

Balmoral Ltd commenced business on 1 July 2003. The company manufactures bookcases. Summary data for Balmoral's first full year of operations are:
Balmoral Ltd commenced business on 1 July 2003. The company manufactures bookcases. Summary data for Balmoral's first full year of operations are: Packaging and delivery are essential to be able to sell the product. What total value should be attributed to finished goods inventory in the financial statements in accordance with AASB 102? A) $58,950 B) $63,000 C) $49,500 D) $69,660 E) None of the given answers.
Packaging and delivery are essential to be able to sell the product. What total value should be attributed to finished goods inventory in the financial statements in accordance with AASB 102?


A) $58,950
B) $63,000
C) $49,500
D) $69,660
E) None of the given answers.

Correct Answer:

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