Anonymous
Mar 12
Determine the cost of goods when sales is 8,200,000, Opening inventory is 1300000, Closing inventory is 900,000,Purchases 6400000 and Carriage inwards is 200,000?
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Mar 12
Cost of Goods Sold = Opening Inventory + Purchases + Carriage Inwards - Closing Inventory
Cost of Goods Sold = 1,300,000 + 6,400,000 + 200,000 - 900,000
Cost of Goods Sold = 7,000,000
Therefore, the cost of goods sold is 7,000,000.
Cost of Goods Sold = 1,300,000 + 6,400,000 + 200,000 - 900,000
Cost of Goods Sold = 7,000,000
Therefore, the cost of goods sold is 7,000,000.
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