Calculate the Cost of Goods Sold (COGS) and Net Profit for Question 11b and 11c.

You're on a roll — here are the calculations for Question 11b and 11c: Question 11b i) Calculate the Cost of Goods Sold (COGS). Step 1: Calculate total purchases. Total Purchases = Cash purchase + Credit purchases Total Purchases = K 350.00 + K 250.00 = K 600.00 Step 2: Calculate the Cost of Goods Sold using the provided formula. COGS = Stock at start + Purchases - Stock at end + Surplus COGS = K 800.00 + K 600.00 - K 650.00 + K 100.00 COGS = K 1400.00 - K 650.00 + K 100.00 COGS = K 750.00 + K 100.00 COGS = K 850.00 ii) Calculate the Net Profit. Step 1: Calculate total sales. Total Sales = Cash sales + Credit sales Total Sales = K 790.00 + K 320.00 = K 1110.00 Step 2: Calculate Net Profit using the provided formula. Net Profit = Sales - Cost of goods Net Profit = K 1110.00 - K 850.00 Net Profit = K 260.00 Question 11c i) Calculate the Cost of Goods Sold (COGS). Step 1: Calculate the Cost of Goods Sold using the provided formula. COGS = Stock at start + Purchases - Stock at end COGS = K 1800.00 + K 13500.00 - K 3650.00 COGS = K 15300.00 - K 3650.00 COGS = K 11650.00 ii) Calculate the Net Profit. Step 1: Identify total sales. Total Sales = Cash sales = K 20790.00 Step 2: Calculate Net Profit using the provided formula. Net Profit = Sales - Cost of goods Net Profit = K 20790.00 - K 11650.00 Net Profit = K 9140.00 Send me the next one 📸