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The following information relates to Benja Retail Shop as at 31st December, 2006. Shs. Opening stock 80,000 Closing stock ...

      

The following information relates to Benja Retail Shop as at 31st December, 2006.
Shs.
Opening stock 80,000
Closing stock 100,000
Sales 325,000
Rate of stock turnover 3 times
Calculate:
(i)the cost of goods sold.
(ii)the gross profit.

  

Answers


Kavungya
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Kavungya answered the question on October 21, 2019 at 08:35


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