n3 saved out of Outdoors Ltd has closing inventory valued at £55,000. Included in this value are 27 food packs costing £62 each which are out of date and now cannot be sold. Also included are 18 tents at a cost of £260 each with a selling price of £476. These are now old stock and will be sold at a 50% discount on the original price. At what value should EACH tent be included in closing inventory? Choose... What is the total value of closing inventory for Outdoors Ltd? Choose.... # (Select your answer in each dropdown menu)

n3 saved out of Outdoors Ltd has closing inventory valued at £55,000. Included in this value are 27 food packs costing £62 each which are out of date and now cannot be sold. Also included are 18 tents at a cost of £260 each with a selling price of £476. These are now old stock and will be sold at a 50% discount on the original price. At what value should EACH tent be included in closing inventory? Choose... What is the total value of closing inventory for Outdoors Ltd? Choose.... # (Select your answer in each dropdown menu)

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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