Solution-What was the cost of goods sold for the year ended

What was the cost of goods sold for the year ended June

Reference no: EM132609674

Question - The cost of inventory on hand at 1 July 2011 was $10,000 and at 30 June 2012 was $20,000. Inventory purchases for the year amounted to $150,000, freight outwards expense was $1,000, and purchase returns were $2,000. What was the cost of goods sold for the year ended 30 June 2012?

Reference no: EM132609674

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What was the cost of goods sold for the year ended June

Reference no: EM132609674

Reference no: EM132609674

Questions Cloud

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Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

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