A pottery company had sales of ₦176,000 during the current period and a gross profit rate of 40%. The company's cost of merchandize available for sale durin...

Question 1 Report

A pottery company had sales of ₦176,000 during the current period and a gross profit rate of 40%.

The company's cost of merchandize available for sale during the period was ₦128,000. The company's ending inventory is?