Description
The following balances have been extracted from the trial balance of GPI Manufacturers on 28 February 2019:
Inventory on hand on 1 March 2018 :
Finished good (Completed goods) R18 100
Direct material
R14 300
Work-in-progress (Unfinished goods)
R8 500
2. Purchases for the year:
Direct material
R115 200
3. Inventory on hand on 28 February 2019:
Finished good (Completed goods)
R16 300
Direct material
R19 500
Work-in-progress (Unfinished goods)
R11 800
What is the amount that will be reflected as inventory on the Statement of Financial Position as at 28 February 2019?
A. R40 900 .
B. R47 600 .
C. R88 500 .
D. R203 700 .
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