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03 April 2015
Consider the following for Alpha Co. for the year 2009-10: Cost of goods available for sale =?1,00,000 Total Sales =?80,000
Opening inventory of goods =?20000 Gross profit margin =25% Then,what is the Closing inventory of goods for the year 2009-10
03 April 2015
sales - opening inventory- profit(25/100*sales)= closing invenotry
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