O-LevelAccountingAccounting procedures7707/11 · Oct/Nov 2011 · Q191 Mark

Nirmal sells two products, product G and product H. The following information is available about his inventory on 31 December 2010. product | number of units | cost price per unit | net realisable value per unit G | 1000 | $2.00 | $2.50 H | 800 | $1.50 | $1.20 It was found that 100 units of product G were damaged and were unsaleable. What was the total value of Nirmal's inventory?

A$2760

B$3000

C$3260

D$3460

✓ Correct answer

A: $2760

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2011 Paper 1 Variant 1, question 19.

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