Answer to Question #78269 in Accounting for garry

Question

Calculate the Cost of Goods Sold from the following data.

Details Amount ($)
Cartage outwards 8500
Insurance 10900
Customs duty 5400
Purchases 58300
Stock (opening) 3950
Cartage inwards 6200
Stock (closing) 5700
Purchases returns 1000
Sales commissions 5300

Answer 1

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