document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1139646>Question 1139646</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The following information was obtained from the accounting records of Nkomo Traders for the financial year ended 28 February 2019:<BR>\n" );
document.write( "R<BR>\n" );
document.write( "Inventory (1 March 2018) ...................................<BR>\n" );
document.write( "200 000<BR>\n" );
document.write( "Sales ..................................................................<BR>\n" );
document.write( "320 000<BR>\n" );
document.write( "Purchases ..........................................................<BR>\n" );
document.write( "165 000<BR>\n" );
document.write( "Sales returns ......................................................<BR>\n" );
document.write( "700<BR>\n" );
document.write( "Purchases returns ..............................................<BR>\n" );
document.write( "4 600<BR>\n" );
document.write( "Freight charges on purchases ............................<BR>\n" );
document.write( "500<BR>\n" );
document.write( "Freight charges on sales ....................................<BR>\n" );
document.write( "1 300<BR>\n" );
document.write( "Settlement discount granted ...............................<BR>\n" );
document.write( "550<BR>\n" );
document.write( "Settlement discount received .............................<BR>\n" );
document.write( "165<BR>\n" );
document.write( "A physical inventory count on 28 February 2019 indicated that inventory on hand amounted to R75 000. The periodic inventory control system is in use.\r<BR>\n" );
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document.write( "1. What is the cost of sales amount for the financial year ended 28 February 2019? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #760163 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52786)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ikleyn><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=ikleyn><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=760163\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .<BR>\n" );
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document.write( " </SPAN>\n" );
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