End of Year data suggests that noise Ltd. has 6000 items of product A and 2,000 of product B, costing $10 and $5, respectively. The following information is available: 500 items of product A are defective and can only be sold at $8 each; 100 items of product B are to be sold for $4.50 each with selling expenses of S1.50 each. What figure should appear in noise statement of financial position for the inventory? $68000 $69000 $68,800 $70,000 O O

End of Year data suggests that noise Ltd. has 6000 items of product A and 2,000 of product B, costing $10 and $5, respectively. The following information is available: 500 items of product A are defective and can only be sold at $8 each; 100 items of product B are to be sold for $4.50 each with selling expenses of S1.50 each. What figure should appear in noise statement of financial position for the inventory? $68000 $69000 $68,800 $70,000 O O

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Description: End of Year data suggests that noise Ltd. has 6000 items of product A and 2,000 of product B, costing $10 and $5, respectively. Thefollowing information is available: 500 items of product A are defective and can only be sold at $8 each;100 items of

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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