Accounting 0452 · IGCSE · Valuation of inventory

Valuation of inventory — practice question

Thabo supplied the following data: revenue amounting to $250000, a gross margin of $20\% and an inventory turnover rate of 5 times. What was the average inventory for the year?

  • A$10000
  • B$37500
  • C$40000
  • D$50000

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