All the sales made by a retailer are for cash, and her sale prices are fixed by doubling cost. Details recorded of her
transactions for September 2006 are as follows:
                                                                                                                  $
1 Sept.                           Inventories                                                      40,000
30 Sept.                         urchases for month                                      60,000
                                      Cash banked for sales for month                   95,000
                                      Inventories                                                     50,000
Which two of the following conclusions could separately be drawn from this information?
1   $5,000 cash has been stolen from the sales revenue prior to banking
2   Goods costing $5,000 have been stolen
3   Goods costing $2,500 have been stolen
4   Some goods costing $2,500 had been sold at cost price
A   1 and 2
B   1 and 3
C   2 and 4
D   3 and 4

B