A trader reports opening inventory at 122,800, purchases in the year at 824,700 and closing inventory at

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A trader reports opening inventory at £122,800, purchases in the year at £824,700 and closing inventory at £154,200. During the year goods costing £24,800 were lost, others costing £12,500 had been removed for own use by the proprietor and some costing £10,000 gifted to charity. What is the cost of sales?

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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