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During the year to 30 November 2005, Amber bought goods for resale at a cost of $75,550. Her inventory at 1 December 2004 was

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During the year to 30 November 2005, Amber bought goods for resale at a cost of $75,550. Her inventory at 1 December 2004 was valued at $15,740. She did not count her inventory at 30 November 2005, but she knows that her sales for the year to 30 November 2005 were $91,800. All sales were made at a markup of 20% resulting in a gross profit of $ 15 300. Based on the information above, what was the value of Amber's inventory at 30 November 2005? Exclude $, and space from your calculation

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