??????????????????????????????????????????????????????????????????????????????????????????? ? $
Sales (100%)????????????????????????????????????????????????????????????????????? 64,800
Cost of sales (70%)?????????????????????????????????????????????????????????? ? 45.360
Gross profit (30%)????????????????????????????????????????????????????????????? 19,440
???????????????????????????????????????????????????????????????????????????????????????????? $
Opening inventory??????????????????????????????????????????????????????????????? 28,400?
Purchases??????????????????????????????????????????????????????????????????????????? ?49,600?? ?????????
Calculated closing inventory (bal fig)??????????????????????????????????(32,640)??
Cost of sales??????????????????????????????????????????????????????????????????????? ?45.360
Calculated closing inventory?32,640
Actual closing inventory?????????-??
Destroyed by fire???????????????? ??32,640