Inventory Figure/Captain Forest or EVERYONE
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Hi,
I'm revising my syllabus because exam in June. Can someone will help me for this.
In the year ended 31 Dec 2008 BB made a GP of $72,000 on sales of $200,000.
In the following year its sales increased by 20% and its gross profit percentage decreased by 3%.
Purchases for 2009 totalled $170,000, a 25% increase on the previous year, and inventory at 31 Dec 2009 was valued at $51,000.
Based on these figures, what was the inventory figure at 31 Dec 2009.
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