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A firm buys and sells 2 models, J and A. The following unit costs are available:
J A
Purchase cost $ 100 $ 200
Delivery cost $20 $30
Delivery cost to customer $22 $40
Coloured sales packaging cost $15 $18
Selling price $150 $300
Required:
Problem 1: Calculate the figure to be included in closing inventory for a unit of each model
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