A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2013 · Q111 Mark
During the month a company lost a quantity of inventory in a burglary. The table shows the company's results for the month. $ opening trading inventory, at cost 30000 purchases 210000 revenue 330000 closing trading inventory, at cost 4000 A gross profit on all sales of 30% has been achieved. What was the cost of the inventory lost in the burglary?
A$4000
B$5000
C$9000
D$13000
✓ Correct answer
B: $5000
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