On 6 June 20X6, a fire in a company's offices destroyed various accounting records. The accounting...

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On 6 June 20X6, a fire in a company's offices destroyed various accounting records. The accounting staff were able to piece together the following information from the undamaged records: (1) Inventories held at 31 December 20X5 were $58,100 (2) Purchases from 31 December 20X5 until the date of the fire were $93,400 (3) Inventories held at the date of the fire were $48,600 (4) All sales were made at a uniform gross profit margin of 25 per cent What was the sales revenue for the period from 31 December 20X5 until 6 June 20X6? $ On 6 June 20X6, a fire in a company's offices destroyed various accounting records. The accounting staff were able to piece together the following information from the undamaged records: (1) Inventories held at 31 December 20X5 were $58,100 (2) Purchases from 31 December 20X5 until the date of the fire were $93,400 (3) Inventories held at the date of the fire were $48,600 (4) All sales were made at a uniform gross profit margin of 25 per cent What was the sales revenue for the period from 31 December 20X5 until 6 June 20X6? $

Answer rating: 100% (QA)

Amount in Inventories held at 31st Dec 20X5 58100 Add ... View the full answer