i. In preparing its financial statements for the year ended December 31, 2022, Wells Ltd inventory count was carried out on the 4 of January 2023. The value of the inventory counted was ( $ 360000 ). Between 31 December and 4 January goods with a cost of ( $ 27 ) 000 were received into inventory and sales of ( $ 780000 ) were made at a mark-up of ( 30 % )

i. In preparing its financial statements for the year ended December 31,2022 , Wells Ltd inventory count was carried out on the 4 of January 2023. The value of the inventory counted was $360000. Between 31 December and 4 January goods with a cost of $27 000 were received into inventory and sales of $780000 were made at a mark-up of 30%