Qualification > Commerce

as accounting p1 discussion

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IGCSE hater!:
its already past 24 hours so lets discuss the answers..
you know the cost for one tin...i circled A, 0.25..rite or wrong?
and question 29, the graphs they gave us..wt were the conclusion? i circled D..dunno

pastyear:
i forget the tin answer
but the graph i also choose D
How about the factory profit? i seem like choose B
one of the question about quantity of bought and sold with price and there are also damaged? That one how to do?

IGCSE hater!:
i dont remember about the factory profit one..
and the other question ur asking..is it about the one when they said that you buy this much and you sell this much and out of the left over units 20 were sold for $10 or somthing? for dat one i circled i think C

what about the gross profit one? it was highest in D rite?

pastyear:
ya D
Do you multiple the bought and sold with their quantity and price respectively.Then, minus one of it and the add the remaining unit with price and quantity?

Crooked:
there were like 100 tins bought..60 sold..and 20 sold at a lower price cux they were damaged..i did it this way

purchases - closing stock = COGS
100*CP - 20*CP = COGS

sales - COGS = profit

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