A pottery company had sales of N176,000 during the current period and a gross profit...
FINANCIAL
JAMB 1998
A pottery company had sales of N176,000 during the current period and a gross profit rate of 40%. The company's cost of merchandize available for sale during the period was N128,000. The company's ending inventory is?
- A. N22,400
- B. N32,000
- C. N51,200
- D. N76,800
Correct Answer: A. N22,400
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