Sales revenue amounted to £27,612.50, and purchases amounted to £10,251.50. The total cost of sales amounted to £15,250. You are informed that closing inventory is £5,455. What is the figure for opening inventory?
A) £11,906.00
B) £9,795.00
C) £10,453.50
D) £12,362.50
Correct Answer:
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A) Gross profit
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