O-LevelAccountingAccounting procedures7707/11 · Oct/Nov 2019 · Q181 Mark

Julie bought goods from a supplier for $650. She also paid $75 to have the goods delivered. The goods are expected to be sold for $825. At which value should these goods be included in Julie's year-end inventory?

A$650

B$725

C$825

D$900

✓ Correct answer

B: $725

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2019 Paper 1 Variant 1, question 18.

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