Solution-Find the cost of goods sold for this year

Find the cost of goods sold for this year

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Question - The owner's capital at the beginning amounted to P800,000. During the year, it increased to P980,000 with the owner making additional investment of P90,000 and withdrawing some supplies worth P8,000 from the business. Net sales for the year amounted to P600,000, total operating expenses were P220,000, and there was no other income during the year. Find the cost of goods sold for this year?

Reference no: EM132833908

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Find the cost of goods sold for this year

Reference no: EM132833908

Reference no: EM132833908

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