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(c) Following are the particulars taken from the books of Keraniganj Manufacturing Company for the year ended 31 December 2016: Inventories Raw Materials Work-In-Process Finished

(c) Following are the particulars taken from the books of Keraniganj Manufacturing Company for the year ended 31 December 2016: Inventories Raw Materials Work-In-Process Finished Goods Raw Materials Purchased (net) Purchase Returns Freight Out Labor (80% direct) Depreciation (70% factory) Sales Salaries Factory Rent Factory Insurance Marketing Expenses Factory Utilities Factory Supplies Other Factory Expenses Office Supplies 31 December 1 January Tk. 30,000 Tk. 35,000 40,000 50,000 55,000 45,000 Tk. 200,000 20,000 40,000 150,000 50,000 60,000 40,000 30,000 40,000 20,000 15,000 15,000 10,000 Required: Determine the amount of VAT if the rate is 15%, assuming that the company sells its product by adding 20% profit on sales

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