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The average cost of the 5,000 capacitors is £2.50 each, giving a total value of £12,500. Work in progress Work in progress was valued at £27,300. However, 2,000 circuit boards were valued at their estimated selling price less estimated costs to complete and sell, when they should have been valued at cost. The actual cost of the 2,000 circuit boards was £8,000. Finished goods Finished goods were valued at £42,100. No issues were identified with the valuation of finished goods. (3) Depreciation for the

Author

karnan

Language

EN