MENU
AB sells two products ,X and Y. The following information was available at AB's year-end, 31 December 20X6:
At 31 December 20X6 AB held 800 units of Product X and 400 units of Product Y
What is the value that will be included in inventories in AB's statement of financial position as at 31 December 20X6?
Suggested Answer: D
Get Premium CIMAPRA17-BA3-1 Questions
as Interactive Web-Based Practice Test or PDF
Real Exam Format
Detailed Explanations
Instant Access
Get Your Practice Test
12 comments · newest first
VI
Vince
12 months ago
Totally agree, $138,000 makes the most sense!
AB
Abel
12 months ago
Wait, how did they get $5134,000? That seems way off!
KA
Katina
1 year ago
Not sure about that, I thought it was $120,000.
BU
Buddy
1 year ago
I think the total value is $138,000.
TR
Trinidad
1 year ago
Product X has 800 units and Y has 400.
MA
Maryann
1 year ago
I'm really unsure about how to approach this. Should we just multiply the units by their costs directly?
EL
Elinore
1 year ago
Wasn't there something about FIFO and LIFO in our practice? I wonder if that applies here or if it's just straightforward valuation.
RA
Rasheeda
1 year ago
I think we need to calculate the total value of both products based on their unit costs. I hope I remember the costs correctly!
EL
Elenor
1 year ago
I remember we did a similar question about inventory valuation, but I can't recall the exact formula we used.
KE
Keena
1 year ago
Hmm, this looks tricky. I think the key is to figure out what the `coalesce()` function is supposed to do and why it's not working as expected.
AL
Alfred
1 year ago
Hmm, I'm a bit unsure about this one. I know we need to configure something to handle unrecognized user input, but I'm not totally sure if Fallback topic is the right answer. I'll have to think this through a bit more carefully.
EL
Elly
1 year ago
I'm not completely sure, but I remember something about the do-it-yourself approach being a common issue. That seems plausible.