At the End of the Year,Terraplane Company Has Inventory in Hand

question 1

Multiple Choice

At the end of the year,Terraplane company has inventory in hand at a selling price of £20,600.What was the cost of inventory assuming inventory is sold at a margin of 60%?

• A) £12,875
• B) £8,000
• C) £8,240
• D) £12,360

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