Question: Determine the difference between the book value and actual value from the following data (Hint: find out the book value using the formula on slide

Determine the difference between the book value and actual value from the following data (Hint: find out the book value using the formula on slide #11 and compare with the given actual value):

Issues are $900.00

Purchases are $1,200.00

Opening inventory is $400.00

Actual value is $600.00

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