Amount (S) Amount (S) 319.500 00 Particulars Inventory as on 01-01-13 Add: Net purchase cost ($1,200,000-$15,000+$8,500) 1.193,500.00 1,513,000.00 Less: Cost of goods sold [s1,998,750x(1-1.05)] | Ending inventory Less: Physical inventory as on 12-31-13 Difference loss by theft 99.937.50 | 1,413,062.50| 525.000 s8s.062.50
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