Transcribed Image Text: Question 4 Answer the following 2 questions: 1- Hani has an inventory at 1/1/2020 of C60,000 and purchases during 2020 of €280,000, both at cost Sales at

Transcribed Image Text: Question 4
Answer the following 2 questions:
1- Hani has an inventory at 1/1/2020 of C60,000 and purchases during 2020 of €280,000, both at cost Sales at selling price amount to €200,000. Compute the estimated inventory at 31/12/2020 , assuming
that the gross profit is 25% of sales v
a-290000
b-190000
C-230000
d-150000
2- Which of the following is a product cost as it relates to inventory?
a. Selling costs.
b. Interest costs.
Raw materials.
d. Abnormal spoilage.
A Moving to another question will save this response
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