Accounting
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Past papers:26 questions
Inventory valuation · Medium

Gordon provided the following information for the year. revenue $90 000 opening inventory $8 000 closing inventory $2 000 mark up 50% Gordon took goods, $7000, for his own use. What were the purchases?

Diagram for O Level Accounting question – Inventory valuation

Source: 2020 May June - 7707/11 · 28 · 2020

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