Department K YOpening stock #2,500 #800Purchases #120,000 #100,000Sales #180,000...
Question
Department K Y
Opening stock #2,500 #800
Purchases #120,000 #100,000
Sales #180,000 #200,000
Salaries #8,000 #30,000
Closing stock #3,000 #1,500
Rate expenses of #1,500 are apportioned in the ratio 1:2.
The gross profit for K is
Options
A)
#23,500
B)
#60,500

C)
#60,700
D)
#82,500
The correct answer is B.
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