Hussain and Hak Productions Limited makes anti-theft devices for motor vehicles.The company uses a standard bolt fitting in many of its products.During the first week in February 20X8, the following deliveries into inventory and transfers to production of the fitting take place: What is the value of closing inventory of the component at the end of the first week in February 20X8? Assume that Hussain and Hak Productions Limited adopts the first in first out convention of inventory valuation.
A)£2287
B)£4650
C)£2250
D)£2325

Question

Hussain and Hak Productions Limited makes anti-theft devices for motor vehicles.The company uses a standard bolt fitting in many of its products.During the first week in February 20X8, the following deliveries into inventory and transfers to production of the fitting take place:  What is the value of closing inventory of the component at the end of the first week in February 20X8? Assume that Hussain and Hak Productions Limited adopts the first in first out convention of inventory valuation.
A)£2287 
B)£4650 
C)£2250 
D)£2325

Quizplus · Accepted Answer

The Answer is D

Hussain and Hak Productions Limited Makes Anti-Theft Devices for Motor