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Balmoral Ltd Commenced Business on 1 July 2011

Question 73

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Balmoral Ltd commenced business on 1 July 2011.The company manufactures bookcases.Summary data for Balmoral's first full year of operations are:
Balmoral Ltd commenced business on 1 July 2011.The company manufactures bookcases.Summary data for Balmoral's first full year of operations are: Packaging and delivery are essential to be able to sell the product.What total value should be attributed to finished goods inventory in the financial statements in accordance with AASB 102? A) $58 950 B) $63 000 C) $49 500 D) $69 660
Packaging and delivery are essential to be able to sell the product.What total value should be attributed to finished goods inventory in the financial statements in accordance with AASB 102?


A) $58 950
B) $63 000
C) $49 500
D) $69 660

Correct Answer:

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