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Beginning Inventory 220,000 Purchases 1,200,000 Goods Available For Sale 1,420,000 Sales 2,100,000 Ratio 65% 1,365,000
Beginning Inventory 220,000 Purchases 1,200,000 Goods Available For Sale 1,420,000 Sales 2,100,000 Ratio 65% 1,365,000
31 Income Summary
Purchases ₱1,200,000 Merchandise Inventory
Goods Available for Sale ₱1,420,000
Sales ₱2,100,000
Ratio 65%
Cost of Sales ₱1,365,000