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O-LevelAccountingAnalysis and interpretation7707/11 · May/June 2013 · Q251 Mark

A business provided the following information. | | $ | |---|---| | inventory at 1 January 2012 | 6800 | | inventory at 31 December 2012 | 6000 | | rate of inventory turnover | 5 times | What were the purchases for the year?

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A$29 200
B$31200
C$32000
D$32800

✓ Correct answer

B: $31200

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About this question

Topic
Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, May/June 2013 Paper 1 Variant 1, question 25.

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