Question

You are an accountant for a company and they ask you to calculate the annual sales cost of said company, the data they provide you is the following: final inventory 150,000. Starting inventory 430,000. Production costs 230,000.

Answer 1

SOLUTION;

`Annual\text{ }sales\text{ }cost=Starting\text{ }inventory+Production\text{ }cost-Final\text{ }Inventory\text{ }`

Which is;

`\begin{gathered} =430,000+230,000-150,000 \\ =510,000 \end{gathered}`

Thus. the answer is 510,000