Outdoors Ltd has closing inventory valued at E55,000. Included in this...
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Outdoors Ltd has closing inventory valued at E55,000. Included in this value are 27 food packs costing 262 each which are out of date and now cannot be sold. Also included are 18 tents at a cost of 260 each with a selling price of 476. These are now old stock and will be sold at a 500 discount on the original price. At what value should EACH tent be included in closing inventory? What is the total value of closing inventory for Outdoors Ltdi (Select your onswer in eoch dropdown menu)
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