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2 marksFinancial Statements and Users of Accounting Information

CAPE Management of Business Unit 1 · 2001 · Paper 1 · Question 15(a)

For the year ending 30 June 2000, Pricey Traders Limited recorded sales of 117 500, purchases of 89 400, customer returns of 752, supplier returns of 190, opening stock at 30 June 1999 of 5 700, closing stock at 30 June 2000 of 7 200, freight outwards of 125, depreciation on fixed assets of 3 400, and other overhead expenses of $19 400.

Compute the Cost of Sales for the year.

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Other parts of this question

  1. 15(b)Compute the Gross Profit.[1 mark]
  2. 15(c)What is the Net Profit for the year?[1 mark]

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