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Calculate the cost of goods sold

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Problem - Calculate the Cost of Goods Sold from the following data:

                                            $

Cartage outwards                 8 500

Insurance                            10 900

Customs duty                       5 400

Purchases                            58 300

Stock (opening)                    3 950

Cartage inwards                   6 200

Stock (closing)                     5 700

Purchases returns                 1 000

Sales commissions                5 300

Reference no: EM131577691

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