Beginning inventory…………N?
Purchases………………….N?
Ending inventory……………N4,800
Sales……………………..N12,800
Wages……………………..N1,040
Gross profit……………….N5,900
A. N20,140
B. N10,240
C. N8,140
D. N7,240
Correct Answer:
Option B – N10,240
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