October November December Opening stock (units) 100 120 150 Closing stock (units) 120 150 130 Sales (units) 500 450 520 The cost of stock is £10 per unit with 40% of purchases for cash, 30% paid in the month after purchase and 30% paid two months after purchase. The number of units produced in November was A 440 B 480 C 520 D 560

October November December Opening stock (units) 100 120 150 Closing stock (units) 120 150 130 Sales (units) 500 450 520 The cost of stock is £10 per unit with 40% of purchases for cash, 30% paid in the month after purchase and 30% paid two months after purchase. The number of units produced in November was A 440 B 480 C 520 D 560

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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