Given:Sales ............................₦195,200 Stock 1st January.................₦34,000 Purchases ........................₦126,000 Sales returns ...........

Question 1 Report

Given:Sales ............................₦195,200

Stock 1st January.................₦34,000

Purchases ........................₦126,000

Sales returns ....................₦1,200

Purchases returns ................₦2,000

If the gross profit is ₦66,000, what is the value of stock at 31st December?

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