Question
Harry co has the following: 2018: Sales 30,000 Cost of Sales 21,000 Gross profit 9,000 2019: Sales 32,760 Cost of sales 24,255 Gross Profit 8,505
Harry co has the following:
2018:
Sales 30,000
Cost of Sales 21,000
Gross profit 9,000
2019:
Sales 32,760
Cost of sales 24,255
Gross Profit 8,505
The only info available is that costs 10%. The increase in cost of sales due to cost is ___________.
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Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
7th Edition
1-119-57105-6, 978-1119571056
