Question

21. Calculate Stock in the beginning: Sales Purchases Stock at the end Loss on Cost 80,000 60,000 8,000 1/6 44,000.)​​

Answer 1

Answer:

Ans : 44,000.)

Step-by-step explanation:

Solution : Sales = Cost of Goods Sold - Gross Loss. Let, Cost of Goods Sold = x. ...

x = 96,000.

Cost of Goods Sold = 96,000.

Loss = 96,000 × (1/6) = 16,000. Cost of Goods Sold = Stock in the beginning + Purchases - Stock at the end. ...

44,000 = Stock in the beginning.

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Answer 2

44,000

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