Calculate cost of sales if stock at start is $2,450, purchases are $19,000 and stock at end is $1,000.
A)$21,450.
B)$20,450.
C)$22,550.
D)$22,450.

Name: Calculate cost of sales if stock at start is $2,450, purchases are $19,000 and stock at end is $1,000. A)$21,450. B)$20,450. C)$22,550. D)$22,450.
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Question

Quizplus · Accepted Answer

The cost of sales formula is: Cost of Sales = Opening Stock + Purchases - Closing Stock. So, $2,450 (Opening Stock) + $19,000 (Purchases) - $1,000 (Closing Stock) = $20,450.

Calculate Cost of Sales If Stock at Start Is $2,450