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Yellow Ltd utilise Part A in the production of finished goods. Yellow Ltd's balance sheet at 31 Dec 2019 showed they owed their suppliers of
Yellow Ltd utilise Part A in the production of finished goods. Yellow Ltd's balance sheet at 31 Dec 2019 showed they owed their suppliers of Part A a total of 125,000 and had a value of 80,000 of Part A in stock. At 31 Dec 2020 the Yellow Ltd balance sheet shows they owed suppliers of Part A a total of 175,000 and had a value in stock of Part A of 110,000. During the year ended 31 Dec 2020 they paid a total of 610,000 to their suppliers of Part A. What should be the Cost of Goods Sold for Part A for the year ended 31 Dec 2020
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