Shown below is an extract of the year-end Trial Balance as at 30 June 2012. Sales are

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Shown below is an extract of the year-end Trial Balance as at 30 June 2012. Sales are always made at cost plus 25%. The cost of inventory as at 30.6.2012 is found to be £54,000. What is the cost of inventory missing?

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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Question Posted: Aug 28, 2023 08:22 AM

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Shown below is an extract of the year-end Trial Balance as at 30 June 2012. Sales are

Question:

Inventory as at 30.6.2011 Sales Purchases £78,000 - £398,000 £490,000 -

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Financial Accounting An Introduction

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