A-LevelAccountingInventory ValuationOct/Nov 2013Paper 1 Q111 Mark
During the month a company lost a quantity of inventory in a burglary. The table shows the company's results for the month. $ opening trading inventory, at cost 30000 purchases 210000 revenue 330000 closing trading inventory, at cost 4000 A gross profit on all sales of 30% has been achieved. What was the cost of the inventory lost in the burglary?
A$4000
B$5000
C$9000
D$13000
✓ 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...
🔒
Unlock the Examiner's Answer
Sign up for free to reveal the correct answer, the official mark scheme breakdown, and the examiner trap analysis for this question.
Sign Up Free to Unlock →Join thousands of Cambridge students already using Oracle Prep