CIMA Financial Reporting F1 Question # 5 Topic 1 Discussion

CIMA Financial Reporting F1 Question # 5 Topic 1 Discussion

F1 Exam Topic 1 Question 5 Discussion:
Question #: 5
Topic #: 1

On 1 July 20X8 JKL has 100 units of inventory, which cost $8 each. The following transactions arose during the month of July:

F1 Question 5

JKL values inventory using the first in. first out method.

What is the value of JKL's inventory at 31 July 20X8?

Give your answer to the nearest $.

F1 Question 5


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