Assuming that net purchases cost i250,000 during the year and that closing inventory was i4,000 less than
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Assuming that net purchases cost i250,000 during the year and that closing inventory was i4,000 less than the opening inventory of i30,000, how much was the cost of goods sold?
(a) i246,000.
(b) i254,000.
(c) i276,000.
(d) i280,000.
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Related Book For 
Financial Accounting An International Introduction
ISBN: 9780273685203
2nd Edition
Authors: David Alexander
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