A-LevelAccountingInventory ValuationFeb/Mar 2017Paper 1 Q111 Mark
The table shows transactions relating to a product during July. There was no opening inventory. Purchased: 50 units at $4 per unit. Sold: 30 units at $10 per unit. Of the remaining units, 8 are damaged and therefore have no value. What is the profit for July?
A$68
B$100
C$148
D$180
✓ 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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