At 30 September 2003 the closing inventory of a company amounted to $386,400.
The following items were included in this total at cost:
(1) 1,000 items which had cost $18 each. These items were all sold in October 2003 for $15 each, with selling
expenses of $800.
(2) Five items which had been in inventory since 1973, when they were purchased for $100 each, sold in
October 2003 for $1,000 each, net of selling expenses. What figure should appear in the company’s balance sheet at 30 September 2003 for inventory? A $382,600
B $384,200
C $387,100
D $400,600 A
386,400 minus loss on 1 3,800 | 
发表于 2008-5-13 09:35
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