Department K Y
Opening stock #2,500 #800
Purchases #120,000 #100,000
Sales #180,000 #200,000
Salaries #8,000 #30,000
Closing stock #3,000 #1,500
Rate expenses of #1,500 are apportioned in the ratio 1:2.
The gross profit for K is

A. #23,500
B. #60,500  
C. #60,700
D. #82,500

Show Answer Show Explanation

Correct Answer: B