Use the following to answer the given question

\(\begin{array}{c|c} & N & & N \\ \hline \text{Opening stock} & 1,200 & sales & 29,000 \\ Purchases & ? & \text{Less sales returns } & 500 \\ \text{Add. Carriage Inwards} & 300 & & ? \\ \text{Less return outwards} & 1,570 \\ & 28,500 \\ \text{Less closing stock} & 2,220 & \\ \text{Gross Profit(25% of sales)} & 28,500 & & 28,500 \end{array}\)

The cost of goods available for sale is

Similar Questions

The law that currently regulates the registration of companies in Nigeria is the? ...

Use the following information to answer the given question. \(\begin{array}{c|c} \text{Net prof...

\(\begin{array}{c|c} & Baba & Tude\\ & N & N \\ \hline \text{Capital Accounts 1 Janu...

What is the amount of capital employed? ...

The tier of government that uses financial memorandum ...

Accumulated depreciation on the asset as at 31/12/81 was ...

Calculate the cost of goods sold. ...

Carriage outwards is accounting term for amount spent on ...

Use the following information to answer the given questions \(\begin{array}{c|c} & N \\ \hl...

On 1/7/07, a trader owed wages of Le 2,000. During the year ended 30/6/08, wages of Le 2,400 were ow...