Accountancy, asked by mailbinayasap, 1 month ago

goods received from suppliers 15,75,500(subject to trade discount @3% & custom duty(irrecoverable)@11%) packing & transportation charges on goods purchased =87500 . sales during the year =2245500 .sales value of closing stock=35000.calculate historical cost of closing stock using retail inventory method.

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Answered by lucky1mohan

0

Answer:

what is formula for retail inventory method?

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