BVD Construction Pty Ltd is in the process of working out its closing stock as at 30 June 2020. The company has advised that the value of stock physically on hand (at cost) id $840,000 but that the company has some outstanding orders on their way from overseas by ship. $55,000 worth of stock (at cost) is currently onboard ships and is all under the trade term FOB (Free on Board). There is also $20,000 worth of stock that has not yet left the port of departure due to issues with customs and government clearance. Advise BVD Construction Pty Ltd what the value of the company's closing stock on hand is as at 30 June 2020.

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The Answer of BVD Construction Pty Ltd is in the process of working out its closing stock as at 30 June 2020. The company has advised that the value of stock physically on hand (at cost) id $840,000 but that the company has some outstanding orders on their way from overseas by ship. $55,000 worth of stock (at cost) is currently onboard ships and is all under the trade term FOB (Free on Board). There is also $20,000 worth of stock that has not yet left the port of departure due to issues with customs and government clearance. Advise BVD Construction Pty Ltd what the value of the company's closing stock on hand is as at 30 June 2020.

BVD Construction Pty Ltd Is in the Process of Working