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I have a doubt where the 2,480 cost of good sold comes from? Particulars Amount Amount Sales revenue 5,000 Less: sales discounts - Net sales
I have a doubt where the 2,480 cost of good sold comes from?
Particulars | Amount | Amount |
Sales revenue | 5,000 | |
Less: sales discounts | - | |
Net sales | 5,000 | |
Less: cost of goods sold (balance) | 2,480 | |
Gross profit | 2,520 | |
Total operating expenses | 1,000 | |
Income from operations | 1,520 | |
Other incomes and gains: | ||
Interest revenue | 100 | |
Service revenue | ||
Gain on disposal | ||
Other expenses and losses: | ||
Extraordinary loss | (400) | |
Research and development costs | ||
Interest expense | 642 | |
Income before tax | 1,862 | |
Income tax expense | 642 | |
Net income | 1,220 | |
Number of shares outstanding | 2,000 | |
EPS | 0.61 |
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