Louai sells 210300 units of inventory during her trading fear ended 31 December 2018. The selling price of each unit is £ 5.50 and she makes a gross profit of 20%. The selling and cost price structure has remained unchanged for several years. Louai purchases a total of 205000 units during the year and a stocktake on 31" December 2018 show that she has 26385 units in the warehouse. How many units of inventory in the warehouse on 1" January 2018. A. 10600 B. 26685 C. 42170 D. 30987

Louai sells 210300 units of inventory during her trading fear ended 31 December 2018. The selling price of each unit is £ 5.50 and she makes a gross profit of 20%. The selling and cost price structure has remained unchanged for several years. Louai purchases a total of 205000 units during the year and a stocktake on 31" December 2018 show that she has 26385 units in the warehouse. How many units of inventory in the warehouse on 1" January 2018. A. 10600 B. 26685 C. 42170 D. 30987

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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