Accountings helppppppppp

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Profit 1/4 on cost so 1/5 on selling price
Therefore, profit = 1/5 * 140000 = $28000
Therefore, COGS = 140000 - 28000 = $112000
So you have COGS, Op. Stock, Cl. Stock, Purchases and you can find the drawings now...
Op. Stock + Purchases - Goods for own use - Closing Stock = $112000
Got itt?
Okok 12 and 30?
 
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