8 At the end of the year, Cahill Ltd has inventory in hand at a selling price of £20,600. What was the cost of inventory assuming inventory is sold at a margin of 60%? Select one answer: O £12,360 O£8,240 £8,000 O £12,875

8 At the end of the year, Cahill Ltd has inventory in hand at a selling price of £20,600. What was the cost of inventory assuming inventory is sold at a margin of 60%? Select one answer: O £12,360 O£8,240 £8,000 O £12,875

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Description: please dont provide answer in image format thank you 8At the end of the year, Cahill Ltd has inventory in hand at a selling price of £20,600. What was the cost ofinventory assuming inventory is sold at a margin of 60%?Select one answer:O£12,360£8,240

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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