# Stock 1/1/09 2200 Purchases 18000 Sales 27000 Salaries 1500 Rejection in doubtful debts 500 Office expenses 1100 Other expenses 1300 Stock 31/12/09 1000 T...

The cost of goods sold is

Answer Details

To calculate the Cost of Goods Sold (COGS), we need to use the formula:

COGS = Opening Stock + Purchases - Closing Stock

Let's break it down:

• Opening Stock (beginning of the year): #2,200
• Purchases (during the year): #18,000
• Closing Stock (end of the year): #1,000

By plugging these values into the formula, we get:

COGS = 2,200 + 18,000 - 1,000

After calculating, we find:

COGS = 19,200

So, the Cost of Goods Sold is #19,200.