Calculate COGS from the following? Opening stock - OMR 12,000 Closing stock - OMR 8,000 Purchases - OMR 20,000 Sales - OMR 45,000 Salaries and Wages - 3000

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 12MCQ
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Calculate COGS from the following?
Opening stock - OMR 12,000
Closing stock - OMR 8,000
Purchases - OMR 20,000
Sales - OMR 45,000
Salaries and Wages- 3000
a.
OMR 24000
b.
OMR 27,000
C.
OMR 21,000
d.
OMR 25,000
Transcribed Image Text:Calculate COGS from the following? Opening stock - OMR 12,000 Closing stock - OMR 8,000 Purchases - OMR 20,000 Sales - OMR 45,000 Salaries and Wages- 3000 a. OMR 24000 b. OMR 27,000 C. OMR 21,000 d. OMR 25,000
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