A-LevelAccountingPreparation of financial statements9706/12 · May/June 2024 · Q141 Mark
A trader sells goods at a uniform mark-up of 20%. The following information is available for the year ended 31 December. inventory at 1 January $1780 inventory at 31 December $2100 purchases $23400 carriage inwards $700 carriage outwards $450 goods taken for own use (at selling price) $1800 What was the value of cost of sales for the year ended 31 December?
A$20 880
B$21830
C$22 280
D$22 340
✓ Correct answer
C: $22 280
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