Mark up cost structure example with example of Margin cost structure Sales 125% Sales 100% CoS (100%) CoS (75%) Gross Profit 25%. Gross Profit 25% The inventory value for the financial statements of Potrum Ltd for the year ended 31st March 2022 was based on an inventory count on 4th April 2022, which gave a total inventory value of $836,200. Between 31st March and 4th April the following transactions took place: Purchases of goods $8,600 Sales of goods (profit margin 30% on sales $14,000) Goods returned by Potrum Ltd to supplier $800 1. What adjusted figure should be included in the financial statements for inventories at 31st March 2021?
Mark up cost structure example with example of Margin cost structure
Sales 125% Sales 100%
CoS (100%) CoS (75%)
Gross Profit 25%. Gross Profit 25%
The inventory value for the financial statements of Potrum Ltd for the year ended 31st March 2022 was based on an inventory count on 4th April 2022, which gave a total inventory value of $836,200. Between 31st March and 4th April the following transactions took place:
Purchases of goods $8,600
Sales of goods (profit margin 30% on sales $14,000)
Goods returned by Potrum Ltd to supplier $800
1. What adjusted figure should be included in the financial statements for inventories at 31st March 2021?
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