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?
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