Please correct your answer and send me the corrected answer today Wednesday 21 April 2021.
Explanation:
Calculation of 'Sales' at cost:
= Selling price - Profit margin (based on S.P)
= $30000 - (1/4 x $30000)
= 3/4 x $30000 (same as previous)
= $22500
Do same for 'Sales Return' , for goods to be scrapped, for goods awaiting delivery at cost...
Check below:
