Q.3.2 Complete the following table by calculating the missing amounts for A to F: (6) In your answer, you need only write down the relevant letter and your answer e.g. G = R4 000 or H=45.50%. Round all amounts to the nearest rand and all percentages % to 2 decimal places. Mark-up on cost % Cost price (VAT exclusive) Profit (VAT exclusive) Selling Price (VAT exclusive) R R R 300% A B R 6 000 Mark-up on Cost price Profit selling price (gross margin) (VAT exclusive) (VAT exclusive) Selling Price (VAT exclusive) R R R 8° 45% E R2 000 C D R 8 000 R500 F W X Q Search CO

Q.3.2 Complete the following table by calculating the missing amounts for A to F: (6) In your answer, you need only write down the relevant letter and your answer e.g. G = R4 000 or H=45.50%. Round all amounts to the nearest rand and all percentages % to 2 decimal places. Mark-up on cost % Cost price (VAT exclusive) Profit (VAT exclusive) Selling Price (VAT exclusive) R R R 300% A B R 6 000 Mark-up on Cost price Profit selling price (gross margin) (VAT exclusive) (VAT exclusive) Selling Price (VAT exclusive) R R R 8° 45% E R2 000 C D R 8 000 R500 F W X Q Search CO

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter8: Inventories: Special Valuation Issues

Section: Chapter Questions

Problem 3RE: Blue Corporation uses the FIFO cost flow assumption. Presented below is information related to Blues...

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