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At the End of the Year,Terraplane Company Has Inventory in Hand

Question 16

Multiple Choice

At the end of the year,Terraplane company has inventory in hand at a selling price of £20,600.What was the cost of inventory assuming inventory is marked up at 60%?


A) £12,875
B) £8,000
C) £8,240
D) £12,360

Correct Answer:

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