Danish departmental stores reported the facts about the grocery items that it had opening stock of sales
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Danish departmental stores reported the facts about the grocery items that it had opening stock of sales value ₹1,47,500 (cost ₹1,20,400) during the year company purchased the items for which total cost of acquisition was ₹18,45,600 with a normal selling price of ₹20,82,700. Sales at normal selling price during the year was of ₹19,45,200. Using retail method, ascertain the cost of inventory items at the end of the year.
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