The following information relates to Star Outlet Opening stock: 1 000 000 Purchases 300 000 Closing sto k 500 000 The cost of Sales is: A. 1 800 000 B. 800 000 C. 700 000 D. 200 000 E. None of the above''

The following information relates to Star Outlet Opening stock: 1 000 000 Purchases 300 000 Closing sto k 500 000 The cost of Sales is: A. 1 800 000 B. 800 000 C. 700 000 D. 200 000 E. None of the above''

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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please show how you got it:

The following information relates to Star Outlet

Opening stock: 1 000 000

Purchases 300 000

Closing sto k 500 000

The cost of Sales is:

A. 1 800 000

B. 800 000

C. 700 000

D. 200 000

E. None of the above''

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