A-LevelAccountingInventory ValuationFeb/Mar 2021Paper 1 Q221 Mark
A company receives the following units of raw material into inventory. units per unit $ total $ 120 38 4560 100 40 4000 60 44 2640 It then issued 240 units. Inventory is valued using the weighted average (AVCO) method. What was the closing value of inventory?
A$1440
B$1520
C$1600
D$1760
✓ Correct Answer
The correct answer is C. 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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