If the beginning inventory is Tk 18,000, Purchase is Tk 86,000, Purchase return is Tk 4,000, Sales is Tk 1,20,000 and the mark-up on the cost is 25%, then what is the value of closing inventory?
Created: 2 months ago |
Updated: 1 month ago
best des
It said Mark-up, then COGS = 120000/1.25 = 96000
Goods available for sale = 18000+86000-4000=100000
Then Closing inventory= 100000-96000=4000/-
Please, contribute to add content.
Content
Related Question
View More
Created: 10 months ago |
Updated: 2 months ago
HELP US TO FIND OUT THE RIGHT ANSWER.
VOTE STATISTICS
OPTION 1 : 0
OPTION 2 : 7
OPTION 3 : 0
OPTION 4 : 0
Created: 10 months ago |
Updated: 3 months ago
Created: 10 months ago |
Updated: 9 months ago
Created: 10 months ago |
Updated: 3 weeks ago
Created: 10 months ago |
Updated: 3 months ago
Promotion
Download Our Mobile Apps
