A fire has destroyed some inventory during a year. You are uncertain of its value, but the
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A fire has destroyed some inventory during a year. You are uncertain of its value, but the following data are available. There is a uniform mark-up on all goods sold of 20%. Calculate the value of lost inventory.
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Based on a markup of 20 the closing inventory should be 3250 ...View the full answer
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Related Book For 
Cambridge International As And A Level Accounting Revision Guide
ISBN: 9781444192001
1st Edition
Authors: Ian Harrison, Michael Hillman
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