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From the following information calculate cost of goods sold opening stock ₹45000,purchases ₹40,0000, closing stock ₹ 35000, direct expenses ₹10,000?
Most Upvoted Answer
From the following information calculate cost of goods sold opening st...
Calculation of Cost of Goods Sold
- Opening Stock: ₹45,000
- Purchases: ₹40,0000
- Closing Stock: ₹35,000
- Direct Expenses: ₹10,000
Calculation
- Calculate the cost of goods available for sale:
- Opening Stock: ₹45,000
- Purchases: ₹40,0000
- Total: ₹4,95,000
- Calculate the cost of goods sold:
- Cost of goods available for sale: ₹4,95,000
- Less: Closing Stock: ₹35,000
- Cost of goods sold: ₹4,60,000
- Add direct expenses:
- Cost of goods sold: ₹4,60,000
- Add: Direct Expenses: ₹10,000
- Total cost of goods sold: ₹4,70,000
Conclusion
The cost of goods sold for the given information is ₹4,70,000.
Community Answer
From the following information calculate cost of goods sold opening st...
Thats a wrong answer teh correct answer would be 420000 because COGS = OPENING STOCK + NET PURCHASE +DIRECT EXPENSE - CLOSING STOCK
45000+400000+10000-35000
= 420000 would be correct according to me
45000+400000+10000-35000
= 420000 would be correct according to me
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From the following information calculate cost of goods sold opening stock ₹45000,purchases ₹40,0000, closing stock ₹ 35000, direct expenses ₹10,000?
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From the following information calculate cost of goods sold opening stock ₹45000,purchases ₹40,0000, closing stock ₹ 35000, direct expenses ₹10,000? for Class 3 2024 is part of Class 3 preparation. The Question and answers have been prepared according to the Class 3 exam syllabus. Information about From the following information calculate cost of goods sold opening stock ₹45000,purchases ₹40,0000, closing stock ₹ 35000, direct expenses ₹10,000? covers all topics & solutions for Class 3 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for From the following information calculate cost of goods sold opening stock ₹45000,purchases ₹40,0000, closing stock ₹ 35000, direct expenses ₹10,000?.
From the following information calculate cost of goods sold opening stock ₹45000,purchases ₹40,0000, closing stock ₹ 35000, direct expenses ₹10,000? for Class 3 2024 is part of Class 3 preparation. The Question and answers have been prepared according to the Class 3 exam syllabus. Information about From the following information calculate cost of goods sold opening stock ₹45000,purchases ₹40,0000, closing stock ₹ 35000, direct expenses ₹10,000? covers all topics & solutions for Class 3 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for From the following information calculate cost of goods sold opening stock ₹45000,purchases ₹40,0000, closing stock ₹ 35000, direct expenses ₹10,000?.
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