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MS starts its business on 1 Jan 20x6 when has no inventories. During 20X6: purchases $455,000, carriage inwards $24,000, carriage outwards $29,000. Closing inventories at

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MS starts its business on 1 Jan 20x6 when has no inventories. During 20X6: purchases $455,000, carriage inwards $24,000, carriage outwards $29,000. Closing inventories at 31 Dec 20X6 are $52,000. Find cost of sales for year ended 31 Dec 20X6

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