[masud]

My pray 4 everyone... GOD INCREASE EVERYONE'S KNOWLEDE

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.

[CaptainForest]

Either you have mistyped something or I have over looked something simplistic, but…

and inventory at 31 Dec 2009 was valued at $51,000.

So you are saying Ending Inventory at Dec. 31/09 is $51,000

Based on these figures, what was the inventory figure at 31 Dec 2009.

See my comment above. Ending inventory Dec. 31/09 is $51,000

[masud]

Either you have mistyped something or I have over looked something simplistic, but…



So you are saying Ending Inventory at Dec. 31/09 is $51,000




See my comment above. Ending inventory Dec. 31/09 is $51,000

The question is as same as I quoted. I tell you the answer that is $41800, don't know how?

[masud]

The question is as same as i quoted. I tell you the answer that is $41800, don't know how?

Sorry the requirement was "Based on these figures, what was the inventory figure at 31 Dec 2008"