A sole trader fixes her prices by adding 50 per cent to the cost of all goods purchased. On 31 October 20X3 a fire destroyed a considerable part of the inventory and all inventory records.Her trading account for the year ended 31 October 20X3 included the following figures: Sales $ $ Opening inventory at cost 183.600 281,250 Purchases 249,200 Closing inventory at cost 432,800 228,200 Gross profit 204.600 53,050 Using this information, what inventory loss has occurred?
A、$61,050
B、$87,575
C、$40,700
D、$110,850
A、$61,050
B、$87,575
C、$40,700
D、$110,850
【参考答案及解析】
Cost of sales = $281,250 x 2/3 = $187,500 Loss of inventory = $228,200 - 187,500 = $40,700
Cost of sales = $281,250 x 2/3 = $187,500 Loss of inventory = $228,200 - 187,500 = $40,700