Electro Traders sells a particular brand of dishwasher that they purchase from a supplier for...

90.2K

Verified Solution

Question

Accounting

Electro Traders sells a particular brand of dishwasher that they purchase from a supplier for R5000 each.
The price excludes carriage on purchases of R500 per unit. On 01 January 2024 there was an inventory of
50 dishwashers. During January 2024 a further 250 units were purchased. A total of 220 dishwashers were
sold at R9000 each during the same period. What was the value of the cost of sales on 31 January 2024, if
the specific identification method of valuing inventories was used?
A. R1210000
B. R1100000
C. R 770000
D. R1185000
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students