The following data relates to the business of Hunter for the year ended 31 December2009.Inventory at 1 January 2009Inventory at 31 December 200942,70048,300Purchases279,600Purchase returns3,400Discounts received2,100What was the cost of sales for the year to 31 December 2009?

Name: The following data relates to the business of Hunter for the year end
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Description: The following data relates to the business of Hunter for the year ended 31 December2009.Inventory at 1 January 2009Inventory at 31 December 200942,70048,300Purchases279,600Purchase returns3,400Discounts received2,100What was the cost of sales for th

Cost of sales or cost of goods sold means the cost of goods which has been sold out including direct…

Business

Accounting

The following data relates to the business of Hunter for the year ended 31 December 2009. Inventory at 1 January 2009 42,700 Inventory at 31 December 2009 48,300 Purchases 279,600 Purchase returns 3,400 Discounts received 2,100 What was the cost of sales for the year to 31 December 2009?

The following data relates to the business of Hunter for the year ended 31 December 2009. Inventory at 1 January 2009 42,700 Inventory at 31 December 2009 48,300 Purchases 279,600 Purchase returns 3,400 Discounts received 2,100 What was the cost of sales for the year to 31 December 2009?

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter8: Gross Profit Method (gp)

Section: Chapter Questions

Problem 3R: On December 31, 2013, the year-to-date account balances of selected accounts were as follows:...

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