Mini Exercises – Cost of sales

This topic has 1 reply, 2 voices, and was last updated 9 years ago by MikeLittle.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
May 29, 2017 at 5:39 pm #388814
Anonymous
Inactive
- Topics: 1
- Replies: 0
How do you calculate the opening and closing stock? I understand where the figures for Gross Profit and COS have come from and that diff between opening and closing stock needs to be 30% but how do you get to 75,833 for closing stock?
May 29, 2017 at 7:55 pm #388842
MikeLittle
Keymaster
- Topics: 27
- Replies: 23376
Back to your school days and algebraic equations!

Let opening inventory be ‘X’ and then go from there

OK?
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

The topic ‘Mini Exercises – Cost of sales’ is closed to new replies.