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Question - The current year's operation C Inc.: December 31 January 1 Accounts receivable 51,000 45,000 Accounts payable 60,000 33,000 Accrued wages - 7,000 Collections from customers 794,000 Total cash payments 715,000 Selling expenses of P144,000 are 45% of gross profit. Administrative expenses are 15% of sales. This amount includes depreciation which is 20% of administrative expenses. There are no unpaid selling 92 Learning Module on IA202 and administrative expenses as of December 31. Inventory per physical count at year-end totaled P125,000. How much is the total sales for the period?
-Use the same information given in number 7. Total purchases for the period is?
-Use the same information given in number 7. The cost of goods sold for the period?
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