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Need help ASAP The Moringa Valley is a trader in a roots drink. On December 31, 2020 the closing inventory was completely contaminated by caustic
Need help ASAP 
The Moringa Valley is a trader in a roots drink. On December 31, 2020 the closing inventory was completely contaminated by caustic soda. The following information is available: (1) Inventory at December, 2020 at cost $31,400 (2) Purchases for December 2020 $55,600 (3) Sales for December 2020 $88,800 (4) Standard margin from sales is 25% Based on this information, what was the value of the closing inventory? Select one: a. $22,200 b. $17.760 c. $15,960 Step by Step Solution
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Audit And Business Performance
Authors: BELAMKADDAM HAMZA
1st Edition
6205444062, 978-6205444061
