Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Given the following data: Purchases sh. 54,533, Returns outwards sh. 2,341, Returns inwards sh. 1,766, Carriage outwards sh. 543, Carriage inwards sh. 4,324, Opening stock

Given the following data: Purchases sh. 54,533, Returns outwards sh. 2,341, Returns inwards sh. 1,766, Carriage outwards sh. 543, Carriage inwards sh. 4,324, Opening stock sh. 17,600, and closing stock sh. 14,342. What is the cost of sales? a. sh. 59,774. b. sh. 64,456. c. sh. 56,025. d. sh. 60,349

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Control Systems Performance Measurement Evaluation And Incentives

Authors: Kenneth Merchant, Wim Van Der Stede

3rd Edition

0273737619, 978-0273737612

More Books

Students also viewed these Accounting questions