O-LevelAccountingAccounting procedures7707/12 · Oct/Nov 2013 · Q191 Mark

Alan's inventory consisted of the following. quantity goods cost per unit $ selling price per unit $ 100 large t-shirts 5 7 20 small t-shirts 5 3 What was the value of the inventory?

A$560

B$600

C$760

D$800

✓ Correct answer

A: $560

Oracle Prep sorts past-paper questions by topic, so you can drill Accounting procedures and see which topics are most likely to come up next.

Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2013 Paper 1 Variant 2, question 19.

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