Rolo Enterprises is a retailer of household appliances, operating with a mark-up of 20%. Their operations...

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Rolo Enterprises is a retailer of household appliances, operating with a mark-up of 20%. Their operations for the month of June 2023 were affected by heavy rains, which damaged a portion of their closing stock. They have the following records available for the period: Data as at June 1, 2023: Creditors Debtors Stock Data recorded during the month: Receipts from credit customers Bad debts written off Cheques returned from creditors Cash sales Discounts allowed Stock taken for personal use Returns outwards Cash purchases Payments to credit suppliers Set off Discounts received Data as at June 30, 2023: Creditors Debtors Undamaged stock 107,300 86,200 122,600 71,700 7,900 9,100 208,100 6,400 5,200 10,100 164,900 69,800 8,300 13,800 55,400 71,200 11,900 REQUIRED: From the data provided, calculate the following: o Total sales o Total purchases o Gross profit • Total value of closing stock o Value of the stock that was destroyed Show all relevant workings. Rolo Enterprises is a retailer of household appliances, operating with a mark-up of 20%. Their operations for the month of June 2023 were affected by heavy rains, which damaged a portion of their closing stock. They have the following records available for the period: Data as at June 1, 2023: Creditors Debtors Stock Data recorded during the month: Receipts from credit customers Bad debts written off Cheques returned from creditors Cash sales Discounts allowed Stock taken for personal use Returns outwards Cash purchases Payments to credit suppliers Set off Discounts received Data as at June 30, 2023: Creditors Debtors Undamaged stock 107,300 86,200 122,600 71,700 7,900 9,100 208,100 6,400 5,200 10,100 164,900 69,800 8,300 13,800 55,400 71,200 11,900 REQUIRED: From the data provided, calculate the following: o Total sales o Total purchases o Gross profit • Total value of closing stock o Value of the stock that was destroyed Show all relevant workings.

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