waecE-LEARNING
Store Management Paper 1, May/June 2014  
Questions: 1 2 3 4 5 6 7   Main
General Comments
Weakness/Remedies
Strength








Question 7

Question  7
          Candidates were required to calculate:

  1. Closing stock using LIFO method
  2. Closing stock using FIFO method
  3. Cost of goods sold using FIFO method.
  4. Cost of goods sold using LIFO method

         

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OBSERVATION

Comments

Most of the candidates did not attempt the questions.  Those who did performed below average.  The subject teacher should pay attention to this aspect of the syllabus.  Stock valuation is an important aspect of store Management.

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