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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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