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What is the amount of inventory at the end of the year

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Question - The expenses other than interest expense of ABC Company for the current year is 40% of cost of sales but only 20% of sales. Interest expense is 5% of sales. The amount of purchases is 120% of cost of sales. Ending inventory is twice as much as the beginning. The income after tax of 35% for the current year is P390,000. What is the amount of inventory at the end of the year?

a. P400,000

b. P480,000

c. P260,000

d. P240,000

Reference no: EM133010525

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