Multiple Choice
During year ended 30 June 2019, Rugger Ltd had net sales of $256 000. Inventory at 1 July 2018 was $30 000, and at 30 June 2019 it was $23 000. Purchases were $115 000. What was the gross profit for year ended 30 June 2019?
A) $12 000
B) $134 000
C) $141 000
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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