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Can you please solve this
1.The financial year of Mitex co. ended on 31 Dec. 20×1.An inventory counts on 4 January 20×2 gave a total inventory valu of $527,300.
The following transaction occured between 1 january and 4 January.
Purchase of goods $7,900
Sales of goods(Gross profit margin 40% on sales) $15,000
Goods returned by a customer $800
What inventory value should be included in Mitex Co’s financial statements at 31 Dec. 20×1 ?
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