A-LevelAccountingInventory ValuationFeb/Mar 2020Paper 1 Q221 Mark
A manufacturer uses the weighted average cost (AVCO) method of inventory valuation. Opening inventory was 10 units at $50 each. During the month: 30 units were purchased costing $70 each. 20 units were sold at $80 each. What was the value of the inventory at the end of the month?
A$1200
B$1300
C$1400
D$1600
✓ 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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