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could please assist me with following question
1.The inventory value for the financial statements of x for the ended 31 may 2008
was based on an inventory count on 4 june,which gave a total inventory value of 836200.Between 31 may and 4 june 2008,the following transactions took place
Purchases of goods 8600
sales of goods(profit margin 30% on sales) 14000
Goods returned by x to supplier 700
Question
What adjusted figure should be included in the financial statement for inventory at 31 may 2008?
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