The closing inventory of Tang Pte Ltd as at 31 March 2014 has been included...
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Accounting
The closing inventory of Tang Pte Ltd as at 31 March 2014 has been included at the cost value of $23,800. This includes items which cost $8,760 but had been damaged. During April 2014, Tang Pte Ltd spent $1,050 to repair the damaged items and $980 as sales commissions and then sold them for $10,700. What should be the value of Tang Pte Ltds closing inventory at 31 March 2014?
Group of answer choices
$23,710
$32,470
$23,890
$31,800
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