Calculate the Cost of Goods Sold from the following data: $ Cartage outwards 8,500 Insurance 10,900 Customs duty 5,400 Purchases 58,300 Stock (opening) 3,950 Cartage inwards 6,200 Stock (closing) 5,700 Purchases returns 1,000 Sales commissions 5,300

Calculate the Cost of Goods Sold from the following data: $ Cartage outwards 8,500 Insurance 10,900 Customs duty 5,400 Purchases 58,300 Stock (opening) 3,950 Cartage inwards 6,200 Stock (closing) 5,700 Purchases returns 1,000 Sales commissions 5,300

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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Question

Kindly help me with general accounting question

Calculate the Cost of Goods Sold from the following data:
$
Cartage outwards 8,500
Insurance
10,900
Customs duty
5,400
Purchases
58,300
Stock (opening)
3,950
Cartage inwards
6,200
Stock (closing)
5,700
Purchases returns 1,000
Sales commissions 5,300

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