During the year Jake sells 8000 units of stock at 42.50 each. The gross profit on each

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During the year Jake sells 8000 units of stock at £42.50 each. The gross profit on each unit is £17.50. He purchased stock at a total cost of £197 300 and still had

£17 400 in stock at the year-end. What was Jake’s opening stock?

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Financial Accounting For Non Specialists

ISBN: 9781844802050

2nd Edition

Authors: Catherine Gowthorpe

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Question Posted: Jul 08, 2024 10:01 AM

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During the year Jake sells 8000 units of stock at 42.50 each. The gross profit on each

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Financial Accounting For Non Specialists

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