The following data of the company "Crete S.A." for the year 2015 (amounts in euro) are given. Finished Products Production in progress Initial Stocks 60.000 88.000 Closing stocks 80.000 112.000 Given that the cost of Produced Products amounted to 1,140,000 and that the Cost Sales accounted for 80% of Sales for 2015 were (amounts in euros): 1.120.000 1.200.000 1.320.000 1.400.000

The following data of the company "Crete S.A." for the year 2015 (amounts in euro) are given. Finished Products Production in progress Initial Stocks 60.000 88.000 Closing stocks 80.000 112.000 Given that the cost of Produced Products amounted to 1,140,000 and that the Cost Sales accounted for 80% of Sales for 2015 were (amounts in euros): 1.120.000 1.200.000 1.320.000 1.400.000

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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