A-LevelAccountingInventory ValuationOct/Nov 2020Paper 1 Q231 Mark
A business uses the weighted average (AVCO) method to value its inventory. It purchased the following units of inventory. units cost per unit $ total cost $ 100 36 3600 120 48 5760 80 54 4320 After these receipts it issued 250 units to production. What was the value of the issue?
A$10980
B$11400
C$11500
D$11880
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of inventory valuation within the Accountingsyllabus. The examiner's mark scheme requires...
📋 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...
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