During Year Ended 30 June 2016,Rugger Ltd Had Net Sales

question 37

Multiple Choice

During year ended 30 June 2016,Rugger Ltd had net sales of $256 000.Inventory at 1 July 2015 was $25 000,and at 30 June 2016 it was $18 000.Purchases were $115 000.What was the gross profit for year ended 30 June 2016?

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

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