Given:
Sales #180,000
Stock 1/1 # 25,000
Purchases #110,000
Sales returns # 1000
Purchases returns # 1,500
Gross profit # 58,000
Determine the value of stock as at 31st December.
#8000
#9,500
#12,500
#15,500
Correct answer is C
No explanation has been provided for this answer.