QUESTION 4 Part A (9 marks) (18 MARKS; 32 MINUTES) On 15 December 2021, a fire occurred at ABD Traders. The financial year-end is December 2021. The following information is available: Cost of inventory as at 31 December 2020 amounted to R188 000. Cost of Purchases from 01 January 2021 to 15 December 2021 amounted to R550 000. Cost of additional costs (transport and import duties) on the purchases from January 2021 to 15 December 2021 amounted to R22 000. 31 01 Sales to retailers at a mark-up of 25% from 01 January 2021 to 15 December 2021 amounted to R388 000. Sales to wholesalers at a mark-up of 10% from 01 January 2021 to 15 December 2021 amounted to R429 000. Cost of inventory salvaged (saved) on 15 December 2021 amounted R10 000. You are required to: Calculate the cost of the inventory destroyed on 15 December 2021. Part B (9 marks) Complete the table below: Transaction # Cost Price Gross Profit / Mark up % Selling Price Eg. R100 MU = 15% R115 1. R120 GP%=20% (a) 2. (b) MU = 50% R675 3. R300 GP%= (c) R375 4. R400 MU (d) = R640