Solution-Compute the cost of goods sold

Compute the cost of goods sold

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Question - Sun shine Store uses a perpetual inventory system but adjusts its inventory records at year-end to reflect the results of a complete physical inventory. In the physical inventory taken at the ends of 2019 and 2020, Sun shine's employees failed to count the merchandise in the store's window displays. The cost of this merchandise amounted to Sh13,000 at the end of 2019 and Sh19,000 at the end of 2020. As a result of these errors, compute the cost of goods sold for 2020?

Reference no: EM132953151

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Compute the cost of goods sold

Reference no: EM132953151

Reference no: EM132953151

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