Answered: Calculate COGS from the following?…

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.

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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Question

10 )

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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