ABC Company sends 200 000 copies of its newspapers to DEF Stores on July 1st. And the retail price is Php 20. The price charged by ABC Company to DEF Stores is Php 10. During the month of July, DEF Stores sold half of the consigned merchandise, notifying ABC Company at the end of the month. What should be credited to cost of goods sold in ABC Company's books?

Answer rating: 100% (QA)

To determine what should be credited to cost of goods sold COGS in ABC Companys books we need ... View the full answer