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Question 0

A pottery company had sales of N176,000 during the current period and a gross profit rate of 40%.
The company's cost of merchandize available for sale during the period was N128,000. The company's ending inventory is?

  • A.N22,400
  • B.N32,000
  • C.N51,200
  • D.N76,800
  • E.
Objective

Question details

Exam body
JAMB
Subject
Accounts - Principles of Accounts
Year
1998
Question no.
#0
Type
Objective
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