QUESTIONS 45 THROUGH 68 RELATE TO FINANCIAL STATEMENT ANALYSIS

56. - MOCK AND SAMPLE EXAMS CFA CFA LEVEL I MOCK EXAM AFTERNOON 2013
MOCK AND SAMPLE EXAMS CFA CFA LEVEL I MOCK EXAM AFTERNOON 2013
56. A company manufactures aluminum cans for the beverage industry and prepares its financial statements in accordance with IFRS. During its latest full fiscal year, the company recorded the following data: Amount Inventory Item € Raw material aluminum costs 150,000 Storage of finished cans 15,000 Wasted aluminum materials from abnormal production errors during the 500 year Transportation-in costs 640 Tax-related duties 340 Administrative overhead 7,500 Trade discounts due to volume purchases throughout the year 520 The total costs included in inventory (in €) for the year are closest to: A. 149,820. B. 150,460. C. 150,980.