Begining inventory 86,250 ;purchase 517,500,ending inventory 45,750

Serge M · #1 (**permalink**) 02-29-2008, 03:04 PM

86,250 + 517,500 - 45,750 = CGS.

Since you don't say if the goods at NRV are in beginning or ending inventory or are sold, any of the numbers could be off by $2,000.

ddani · #2 (**permalink**) 02-29-2008, 03:04 PM

certain items at NRV 6,000, cost of sale? the item which NRV=6,000 costs 8,000.

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