During Year Ended 30 June 2019, Rugger Ltd Had Net

question 1

Multiple Choice

During year ended 30 June 2019, Rugger Ltd had net sales of $256 000. Inventory at 1 July 2018 was $30 000, and at 30 June 2019 it was $23 000. Purchases were $115 000. What was the gross profit for year ended 30 June 2019?

• A) $12 000
• B) $134 000
• C) $141 000
• D) None of the above

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Definitions:

Primary Kinds

Refers to the main or first-order types within any classification or category.

Chronic

Describing a condition or disease that is long-lasting or recurrent, often requiring ongoing management.

Phantom Limb Pain

Pain that feels like it's coming from a body part that's no longer there, commonly experienced after an amputation.

Amputated

The surgical removal of all or part of a limb or extremity such as an arm, leg, foot, hand, toe, or finger, often as a result of injury, disease, or surgery.