True Value Producers manufactures rum cakes, and CF Supplier's List Price which the following details are available: inventory includes three items for Raw Materials OP Net Realisable Value Flour (bag) Sugar (bag) Raisins (boxes) 2$ 3 600 2 900 4 200 5 100 2 800 4 100 The company receives 2 %% trade discount from its suppliers and it also takes advantage of a 2% discount for prompt payment. : Calculate the value of raw materials that should be shown in inventory in the statement of financial position at year end.

True Value Producers manufactures rum cakes, and CF Supplier's List Price which the following details are available: inventory includes three items for Raw Materials OP Net Realisable Value Flour (bag) Sugar (bag) Raisins (boxes) 2$ 3 600 2 900 4 200 5 100 2 800 4 100 The company receives 2 %% trade discount from its suppliers and it also takes advantage of a 2% discount for prompt payment. : Calculate the value of raw materials that should be shown in inventory in the statement of financial position at year end.

Name: True Value Producers manufactures rum cakes, andal CFSupplier's List
Uploaded: 2024-03-20T06:32:37.000Z
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Description: True Value Producers manufactures rum cakes, andal CFSupplier's List Pricewhich the following details are available:inventory includes three items forRaw MaterialsOPDNet Realisable ValueFlour (bag)Sugar (bag)Raisins (boxes)2$3 6002 9004 2005 1002 80

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter5: Inventories And Cost Of Goods Sold

Section: Chapter Questions

Problem 5.4DC

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