O-LevelAccountingAccounting procedures7707/12 · May/June 2018 · 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, May/June 2018 Paper 1 Variant 2, question 19.

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