fter completing your studies, you were employed by an auditing firm. The audit manager has requested you to do an audit of a small supermarket. The supermarket has a 30 June year-end.

Below are extracts of the financial statement for the year ending 30 June 2022:

Description	30 June 2022
Comprehensive Income Statement
Revenue	R750 000
Cost of Sales	(R340 000)
Gross Profit	R410 000
Statement of Financial Position
Trade receivable	R130 000
Trade payables	R95 000

Required

The audit manager has tasked you to audit the cost of sales amount as per the financial statements.