0452.4.5.02 — prepare simple inventory valuation statements: past paper questions
Real questions on 0452.4.5.02 — prepare simple inventory valuation statements
The newest 7 of 7 written questions. Open one to see it on the real paper.
- 0452/22 · May/June 2026 · Q5b[4]
Calculate the value of Amber’s inventory at 31 March 2026.
See it on the paper → - 0452/22 · May/June 2024 · Q1d[4]
Calculate the value of Lottie’s inventory at 30 April 2024. Lottie pays $360 per annum for insurance. On 1 May 2023, insurance of $60 was prepaid. On 1 August Lottie paid $360 by bank transfer for the year 1 July 2023 to 30 June 2024. REQUIRED
See it on the paper → - 0452/23 · May/June 2024 · Q1d[4]
Calculate the value of Lottie’s inventory at 30 April 2024. Lottie pays $360 per annum for insurance. On 1 May 2023, insurance of $60 was prepaid. On 1 August Lottie paid $360 by bank transfer for the year 1 July 2023 to 30 June 2024. REQUIRED
See it on the paper → - 0452/22 · February/March 2024 · Q4a[4]
Prepare the inventory account for the year ended 31 December 2023. Balance the account and bring down the balance at 1 January 2024. Sara Inventory account Date 2023 Jan 1 Details $ Date Details $ Balance b/d 5 811
See it on the paper → - 0452/23 · October/November 2023 · Q3a[3]
Prepare the inventory account for the year ended 30 September 2023. Logan Inventory account Date Details $ Date Details $
See it on the paper → - 0452/22 · February/March 2021 · Q5a[2]
Calculate the cost of Maira’s inventory at 31 December 2020. Maira has not kept a full set of accounting records, but provided the following information. 1 All sales were made on cash terms. The sales for the first year were: for the first two months: $10 800 each month for the next eight months: $12 000 each month for...
See it on the paper → - 0452/23 · October/November 2020 · Q4a[2]
Calculate the correct value of inventory at 30 September 2020.
See it on the paper →
What examiners said
The cost of a trader’s closing inventory had to be calculated. A number of candidates earned the two available marks. A common error was to omit the carriage inwards.
— Examiner report, February/March 2021, 0452/22 Q5(a) (Cambridge)
Using information provided candidates were required to calculate the correct value of inventory. There were very few wholly correct answers. The inventory had been valued at $26 300 which includes goods costing $5200 which could only be sold for $5000 after repairs costing $600. The value of the inventory had to be reduced by $800. A common incorrect answer was $21 600.
— Examiner report, October/November 2020, 0452/23 Q4(a) (Cambridge)
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