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Bringer Minn Ltd is a small importing company. On 1 November, it had an opening balance of 5 0 units of commodity X , valued
Bringer Minn Ltd is a small importing company. On November, it had an opening balance of units of commodity X valued at GHS On November, it purchased in bulk a further units of commodity X for a gross price of GHS It received a bulk purchase discount of per cent and a further discount of per cent on the gross price for making an early cash payment. On November, it sold units of commodity X for a sales value of GHS Using the FIFO method of valuation, the gross profit in the companys trading account for November for the sale of commodity X was:
A GHS
B GHS
C GHS
DGHS
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