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What were the closing inventories for the current year

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Reference no: EM132905908

Problem - Platt Co reported the following:

1. Sales revenue for the current year of E334,000

2. Opening inventories $93,000

3. Gross profit for the year $144,000

4. Purchases for the year were 76% of the costs of goods sold figure

Required - What were the closing inventories for the current year?

Reference no: EM132905908

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