A company sells 400 units at £20 each. It had 100 units of opening inventory at a value of £10 each; it purchased an additional 550 units at £10 each. During the year a total of 100 units were stolen and it returned 50 units.
What is the number of units in closing inventory?
A) 200 units
B) 150 units
C) 100 units
D) 50 units
Correct Answer:
Verified
Q10: The following information should be used to
Q11: The following information should be used to
Q12: The cost of purchasing goods will appear
Q13: Administration expenses will be included in:
A) The
Q14: Carriage inwards will be disclosed in:
A) The
Q15: Carriage outwards will be disclosed in:
A) The
Q16: If an entity starts up business purchases
Q17: If an entity has £2,500 in opening
Q18: If an entity has £2,500 in opening
Q20: A company sells 400 units at £20
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