In their first three months of operations, John and Thabo buy parts to the value of R$50000,$ and resell $80\%$ of this inventory for R$85000.$

At the end of the year, the closing balance of the inventory is R$10000.$ According to the information above, the Cost of sales that will need to be recorded in the Income Statement is R$40000.$

Question $9$Select one:

True

False