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Click here to exit full screen mode. Part 3 of 22 Question 3 Question Progre Question 3 of 22 3 Points Music Friend (MF) is
Click here to exit full screen mode. Part 3 of 22 Question 3 Question Progre Question 3 of 22 3 Points Music Friend (MF) is a music equipment company with a year-end of 30 April. MF uses the perpetual inventory recording system. On 12 March 2020, a sound engineering company purchased 15 DJ turntable sets from MF. Each DJ turntable set has a selling price of R28 000. MF applies a strict mark-up of 25% on selling price. Which of the following options correctly reflects the inventory and cost of sales general ledger accounts in the books of MF, with respect to the above transaction? A. Inventory (A) Cost of sales 315 000 Cost of sales (P/L) Sales income 315 000 B. Inventory (A) Cost of sales 315 000 Cost of sales (P/L) Inventory 315 000 Inventory (A) Cost of sales 330 000 Cost of sales (P/L) Inventory 338 000 D. Inventory (A) Cost of sales 338 000 Cost of sales (P/L) Inventory 336 000 OE. Inventory (A) Cost of sales 420 000 Cost of sales (P/L) Inventory 420 000 Reset Selection
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