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OCPCA Admission Exam Practice Questions - Angola OCPCA National Admission Examination (Exame Nacional De Admissão à OCPCA) Exam

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A commercial enterprise in Luanda recorded the following inventory transactions for Product X during March: - Beginning inventory: 100 units at 5,000 AOA each - Purchase 1: 200 units at 6,000 AOA each - Sale 1: 150 units - Purchase 2: 100 units at 7,000 AOA each - Sale 2: 100 units Using the First-In, First-Out (FIFO / PEPS) valuation method permitted under the Angolan PGC, what is the cost of ending inventory (150 units remaining)?
Correct Answer:
1,000,000 AOA

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