.uwl.ac.uk ultr a/courses/ 150433 1/d/outline00Remaining Time: 1 hour, 38 minutes, 46 seconds.Question Cormpletion Status:QUESTION 2Buzz Ltd has Sales figure of £8,200, opening Inventory of £1,300, closing inventory £900, purchases £6,400,carriage inwards £200.The cost of goods sold figure is?a. £6,800b.£6,200c. E7,000 (1,300+6,400+200-900)d.£7,200QUESTION 3A company bought a machine for £3,200. It is to be depreciated at a rate of 25% per annum, using the reducing

Cost of Goods sold is cost of the inventory which has been sold. Cost of Goods Sold = Opening…

Answered: QUESTION 2 Buzz Ltd has Sales figure of…

QUESTION 2 Buzz Ltd has Sales figure of £8,200, opening Inventory of £1,300, closing inventory £900, purchases £8,400, carriage inwards£200. The cost of goods sold figure is?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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