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On the basis of the information given calculate profit or loss: - Generic costs10 zł - Revenue from sale of goods230 zł - Opening balance of finished goods150 zł - The final balance of finished goods250 zł - Opening balance of active RMK10 zł - The balance of the RMK active50 zł a)130 zł b)80 zł c)180 zł d)280 zł e) none of the answers
total cost =( The final balance of finished good- Opening balance of finished goods )+(The balance of the RMK active- Opening balance of active RMK) + Generic costs
= (250-150)+(50-10)+10=150 zt
Net profit = Revenue from sale of goods - Total cost of sold goods
=230 -150 =80 zt
Agree with FETAH MOHAMED
b
Option B
b
C is the rithe answer
cost50
frist balance150
Cost200
final balance of goods250
cost of goods solde-50
profit=230-(-50)=280
Must determine the quantity sold in order to analyze inventory
Answer is B
In my point of view i do agree with the answer given by Mr.:Fetah mohammed
B lookis right if we deduct total cost from revenue.
b)80 zł (Profit)
