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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Accounting And Finance For Business

ISBN: 9780273773948

1st Edition

Authors: Geoff Black, Mahmoud Al-Kilani

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Question Posted: Jul 02, 2024 09:01 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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Accounting And Finance For Business

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