O-LevelAccountingAccounting procedures7707/12 · May/June 2025 · Q191 Mark

Tony has prepared an inventory calculation statement at the end of the financial period. The table shows: Item | cost () | net realisable value () cricket bats | 600 | 750 cricket gloves | 400 | 320 cricket helmets | 900 | 1200 cricket pads | 300 | 240 What is the value of Tony's inventory?

A$2060

B$2200

C$2510

D$2650

✓ Correct answer

A: $2060

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2025 Paper 1 Variant 2, question 19.

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