Calculate the figure to be included in closing inventory

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A firm buys and sells 2 models, J and A. The following unit costs are available:

                                               J                     A

Purchase cost                $ 100          $ 200

Delivery cost                   $20            $30

Delivery cost to customer    $22           $40

Coloured sales packaging cost  $15         $18

Selling price                        $150            $300

Required:

Problem 1: Calculate the figure to be included in closing inventory for a unit of each model

Reference no: EM132967294

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