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ONLY THE BEST IN ACCOUNTING CAN HELP ME WITH THIS.

I

iahmed

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I need to know whether my answer to question no.5 (or 16.8, # 5) from Harold Randall's CIE endorsed book (black cover) is correct or not since there's no mark scheme or anything of that sort available for it. My valuation of the stock at 31 december 2003 is $56240. If this is correct, please let me know and if not please be kind enough to tell me why. PLEASE ANSWER BY 05TH MARCH; I'VE GOT A TEST ON THE 6TH.
 
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