A-LevelAccountingFinancial Accounting (Inventory Valuation)May/June 2017Paper 1 Q221 Mark
Jamal uses the AVCO system to value his inventory. He provides the following information: March 1 no opening inventory 6 60 units were purchased at $120 per unit 17 100 units were purchased at $116 per unit 23 110 units were sold for $150 per unit What was the cost of sales for March?
A$5875
B$12925
C$13000
D$18800
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of financial accounting (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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