Multiple Choice
During year ended 30 June 2012,Rugger Ltd had net sales of $256 000.Inventory at 1 July 2011 was $25 000,and at 30 June 2012 it was $18 000.Purchases were $115 000.What was the gross profit for year ended 30 June 2012?
A) $141 000
B) $134 000
C) $12 000
D) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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