Question on: JAMB Accounting - 1998
A pottery company had sales of N176,000 during the current period and a gross profit rate of 40%.
The company's cost of merchandize available for sale during the period was N128,000. The company's ending inventory is?
A
N22,400
B
N32,000
C
N51,200
D
N76,800
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Correct Option: A
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