Exam BA3 Topic 1 Question 249 Discussion

Actual exam question for CIMA's BA3 exam
Question #: 249
Topic #: 1
Refer to the Exhibit.

At the beginning of the month, an organization had opening inventory of 30 units of a product, valued at £3.00 each. During the month, it had inventory movements, occurring on the following dates:
Using the FIFO method of inventory valuation, the closing inventory at the end of the month was:
Give your answer to 2 decimal places.

Suggested Answer:

£21.08

by Algernon at Jan 29, 2026, 12:35 PM

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