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Video Productions Ltd Commenced Business Manufacturing Video Tapes on 1

Question 26

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Video Productions Ltd commenced business manufacturing video tapes on 1 July 2011.Summary data for the first full year of production are:
Video Productions Ltd commenced business manufacturing video tapes on 1 July 2011.Summary data for the first full year of production 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) $66 400 B) $72 000 C) $46 400 D) $50 000
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) $66 400
B) $72 000
C) $46 400
D) $50 000

Correct Answer:

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