Use the information below to answer questions below
| # | |
| opening stock | 4000 |
| closing stock | 12000 |
| purchases |
17000 |
- The cost of goods sold is
Cost of goods sold = Opening stock + Purchases - Closing stock
= 4,000 + 17,000 - 12,000
= 21,000 - 12,000
=9000
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