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A pottery company had sales of ₦176,000 during the current period and a gross ...


Question

A pottery company had sales of ₦176,000 during the current period and a gross profit rate of 40%.

The company's cost of merchandize available for sale during the period was ₦128,000. The company's ending inventory is?

Options

A)
₦22,400
B)
₦32,000
C)
₦51,200
D)
₦76,800

The correct answer is A.


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