Use the information provided below to calculate the cost of sales:

R

Opening inventory

$160000$

Purchases

$240000$

Settlement discount granted

$35000$

Import duties

$42000$

Sales returns

$53000$

Closing inventory

$330000$

Answer:

$4000$Use the information provided below to calculate the cost of sales:

R

Opening inventory

$160000$

Purchases

$240000$

Settlement discount granted

$35000$

Import duties

$42000$

Sales returns

$53000$

Closing inventory

$330000$