Question: Question 6: The inventory value for the financial statements of Global Co for the year ended 30 June 20x2 was based on a inventory count

Question 6: The inventory value for the financial statements of Global

Question 6: The inventory value for the financial statements of Global Co for the year ended 30 June 20x2 was based on a inventory count on 7 July 20X2, which gave a total inventory value of 5950,000 Between 30 June and 7 July 20X2, the following transactions took place. $ Purchase of goods 11,750 Sale of goods (mark up on cost at 15%) 14,950 Goods returned by Global Co to supplier 1.500 What figure should be included in the financial statements for inventories at 30 June 20x2? A $952,750 B. $949.750 I C. $926,750 D $958,950

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4. What specific changes in the environment have taken place in relation to the information we have collected?

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