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What is the value of closing inventory on february

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Reference no: EM133157240

Question - Ngula (Pty) Ltd uses a periodic inventory system. On 1 February 2022, the Merchandise Inventory Account of Ngula (Pty) Ltd reflected a balance of R30,000. During February 2022, the company had total sales and the total purchases amounting to R128,750 and R112,000, respectively. The company applies a 25% mark-up on cost.

Required - What is the value of closing inventory on 28 February 2022?

A. R28 400

B. R13 250

C. R45 800

D. R39 000

Reference no: EM133157240

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