A company bought 50 dresses at 40 each. Normal selling price is 60 each but the dresses

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A company bought 50 dresses at £40 each. Normal selling price is £60 each but the dresses are now thought to be old-fashioned and have to be shortened at a cost of £5 each. What should be their total value as part of closing inventory?

a. £2,750

b. £3,000

c. £2,000

d. £1,750

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Introduction To Accounting And Finance

ISBN: 9780273711629

2nd Edition

Authors: Geoff Black

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Question Posted: May 31, 2024 03:09 AM

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A company bought 50 dresses at 40 each. Normal selling price is 60 each but the dresses

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Introduction To Accounting And Finance

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