During Year Ended 30 June 2012,Rugger Ltd Had Net Sales

question 18

Multiple Choice

During year ended 30 June 2012,Rugger Ltd had net sales of $256 000.Inventory at 1 July 2011 was $25 000,and at 30 June 2012 it was $18 000.Purchases were $115 000.What was the gross profit for year ended 30 June 2012?

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

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