The Pottery Co has recently undertaken their year end inventory inspection. During the inspection some...
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The Pottery Co has recently undertaken their year end inventory inspection. During the inspection some items were discovered which had been damaged. - A vase which had originally cost 155 and would have sold for 450 will now have to be discounted and sold for E175. - 350 dinner sets which had originally cost E42 each and would have sold for 175 now need repair work costing E45 for each set. They can then be sold at the original selling price. At what value should the vase be included in closing inventory? f What is the total value of the 350 dinner sets to be included in closing inventory? t (Enter the values with no f sign, comima or decimal places)
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