9706/11 Accounting May Jun 2023 Online Test | Cambridge AS and A Level MCQ
At the beginning of the financial year, inventory was valued at $\$ 15000$. During the year, sales of $\$ 21000$ and purchases of $\$ 18000$ were made. Unfortunately, all inventory was stolen on the last day of the financial year.
Goods are marked up by 50% to calculate selling price.
What is the cost of the stolen inventory?