The sales of Super Store for the month is P 80,756.00. Beginning inventory was P 24.435.00; and purchases of P 18,200.00.Ending inventory is amounting to P 12,500.50. The stores total expenses is P 18,780.00.Find the following:a.) Cost of goods soldb) Net profit or net loss

Formula: Cost of goods sold = Beginning inventory + Purchases - Ending inventory

Answered: he sales of Super Store for the month…

he sales of Super Store for the month is P 80,756.00. Beg Ending inventory is amounting to P 12,500.50. The stores Find the following :

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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