Question

A retailer had the following information: 30 November 2019 Inventory on hand at cost (incl. VAT) R17 250 R13 800 December 2019 Sales (at cost plus 25% December 2019 Purchases at cost (incl. VAT) mark-up) (incl. VAT) R18 400 The estimated cost of inventory to be shown on the retailer's statement of financial position as at 31 December 2019 is?​

Answer 1

A retailer has the following information The estimated cost of inventory to be from ACCOUNTING 101 at Far Eastern University