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1. Where does the Purchases line from our Purchases Control Account go into our financial statements?
Cash Flow Statement
It doesn’t go into the financial statements
2. Using the model base files, after calculating Wastage (kg), how many kg of Inventory do we have left at the end of the 5th period?
3. How do we calculate COGS in relation to inventory?
COGS (kg) * Purchase Price per kg ($)
inventory ($) * COGS (kg) / Inventory (kg)
Inventory (kg) * COGS (kg) / Inventory ($)
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