IIA IIA-ACCA Question Answer
During the last year, an organization had an opening inventory of $300,000, purchases of $980,000, sales of $1,850,000, and a gross margin of 40 percent. What is the closing inventory if the periodic inventory system is used?
IIA IIA-ACCA Summary
- Vendor: IIA
- Product: IIA-ACCA
- Update on: Jul 29, 2025
- Questions: 604
