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With a Periodic Inventory System If Inventory at Start Is

Question 33

Multiple Choice

With a periodic inventory system if inventory at start is $25 000, purchases $123 000 and inventory at end as per physical stocktake is $20 000, what is the estimated cost of sales?


A) $148 000
B) $123 000
C) $168 000
D) $128 000

Correct Answer:

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