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Use the information provided below to calculate the cost of sales: Instruc...

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Use the information provided below to calculate the cost of sales:

 

R

Opening inventory

20 000

Purchases

90 000

Settlement discount granted

15 000

Freight charges

32 000

Closing inventory

70 000

Instructions:

1. Use

full

stop to indicate any decimals

 (eg: 1000.01)

2. 

Round off to the 

nearest Rand (eg: 50.56 is 51)

3.  Only show the amount, 

do not show the R

 (eg:

12141.72)

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