Answer:
D £165,000
Explanation:
The computation of gross profit for the year using the first in first out (FIFO) method of inventory valuation is shown below:-
As we know that
Gross profit = Sales - the cost of goods sold
where
Sales is
= 500 units × £550
= £275,000
And, the cost of goods sold is
= 200 units × £250 + 300 units × £200
= £50,000 + £60,000
= £110,000
We considered only 500 units as these sold units are sold
And, this is a first in first out method so we pick the first date units only
So, the gross profit is
= £275,000 - £110,000
= £165,000
Answer:
d. Strategy implementation
Explanation:
Since in the question it is mentioned that the actual production of great quality clothing for the yoga and the sports activities that are related with the yoga should using the best fabrics so here it is an example of strategy implementation as the strategy is implemented to provide the high quality clothing for the yoga purpose
Hence, the correct option is d.
