The following data relates to the business of Box for the year ended 31 December 2009. Inventory at 31 December 2009 Inventory at 1 January 2009 28,700 35,400 Purchases 225,500 Inventory taken by owner for personal use, at cost This inventory taken by the owner had a sales value of $15,000. 8,000 What was the cost of sales for the year to 31 December 2009?

The following data relates to the business of Box for the year ended 31 December 2009. Inventory at 31 December 2009 Inventory at 1 January 2009 28,700 35,400 Purchases 225,500 Inventory taken by owner for personal use, at cost This inventory taken by the owner had a sales value of $15,000. 8,000 What was the cost of sales for the year to 31 December 2009?

Name: The following data relates to the business of Box for the year ended
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Description: The following data relates to the business of Box for the year ended 31 December 2009.$Inventory at 31 December 200928,700Inventory at 1 January 200935,400Purchases225,500Inventory taken by owner for personal use, at cost8,000This inventory taken by

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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