Nguyen Pty Ltd had the following particulars in the 2020 and 2021 years: 2020: Opening stock $20,000 Purchases: $12,500 Closing stock: $10,000 2021: Opening stock: $10,000 Purchases: $7,500 Closing stock: $3,000 Calculate the Cost Of Good Sold for Nguyen Pty Ltd in each of the 2020 and 2021 income years.

Answer rating: 100% (QA)

Here are the Cost of Goods Sold COGS for Nguyen Pty Ltd for the 2020 and 2021 income year... View the full answer