Accounting Assignment | Custom Assignment Help
August 29th, 2019
Sally’s shop sells pencils and her financial year ends on 31 August .on 30 August 20×2.there was a fire which destroyed part of her inventory sally did not have insurance she provides the following information. On 1 September 20×1, the inventory was £77,000, sales during the year £250,000 and purchases during the previous year were £15,3000 .sally applies a mark-up on the cost of £150 percent. inventory that remained intact and can be sold amount to £52,000. How much the amount of inventory?