A-LevelAccountingInventory ValuationOct/Nov 2018Paper 1 Q231 Mark

A retailer uses the FIFO method for inventory valuation. The following information is available. June 1 opening inventory 300 units at $12 per unit $3600 June 10 purchased 1000 units at $12.50 per unit $12500 June 21 sold 1200 units for $16 each $19200 June 28 purchased 700 units at $13 per unit $9100 What was the value of the inventory at 30 June?

Q: What is the correct answer to this A-Level Accounting question?

The correct answer is D: $10350.

Q: What topic does this question test?

This question tests Inventory Valuation in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

A$6000

B$9850

C$10080

D$10350

✓ Correct Answer

The correct answer is D: $10350

📋 Examiner Report & Trap Analysis

Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

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About This A-Level Accounting Question

Topic

This multiple-choice question tests Inventory Valuation in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Accounting Oct/Nov 2018 examination, Paper 1 Variant 2.

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