Accountancy, asked by pmnterere, 7 months ago

ABC Traders sells all goods at a margin of 33 1/3% above cost (thirty
and a third per cent). The books give the following information at 31
December 2015:
Inventory 1 January 2015
N$96,000
Inventory 31 December 2015 N$120,620
Purchase amount
N$320,300
Required to:
i. Ascertain cost of goods sold
hase during the year
f​

Answers

Answered by Anonymous
2

Explanation:

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