Compute the cost of goods sold for current year

Reference no: EM132840305

Question - The montain, mebe store uses a periodic inventory system. Every January 1, mebel and her husband close the store and take a complete physical inventory. Last year the inventory amounted To Rs. 5,200, this year it totaled Rs.3,800 during the current year the business recorded the sales of Rs.125,000 and purchase RS.62,000. Compute the cost of goods sold for current year?

Reference no: EM132840305

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