Opening inventory of raw material of a manufacturing concern is Rs. 10,000, Purchase during the year is Rs. 2,00,000, Wages Rs. 50,000, Carriage Rs. 5,000, Factory overheads Rs. 1,25,000 and closing inventory of raw material is Rs. 15,000. The amount to be transferred is
  • a)
    Rs. 3,75,000 to cost of goods manufactured account.
  • b)
    Rs. 3,75,000 to cost of goods sold account.
  • c)
    Rs. 3,75,000 to cost of sales account.
  • d)
    Rs. 3,75,000 to cost to company account.
Correct answer is option 'A'. Can you explain this answer?

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This discussion on Opening inventory of raw material of a manufacturing concern is Rs. 10,000, Purchase during the year is Rs. 2,00,000, Wages Rs. 50,000, Carriage Rs. 5,000, Factory overheads Rs. 1,25,000 and closing inventory of raw material is Rs. 15,000. The amount to be transferred isa)Rs. 3,75,000 to cost of goods manufactured account.b)Rs. 3,75,000 to cost of goods sold account.c)Rs. 3,75,000 to cost of sales account.d)Rs. 3,75,000 to cost to company account.Correct answer is option 'A'. Can you explain this answer? is done on EduRev Study Group by CA Foundation Students. The Questions and Answers of Opening inventory of raw material of a manufacturing concern is Rs. 10,000, Purchase during the year is Rs. 2,00,000, Wages Rs. 50,000, Carriage Rs. 5,000, Factory overheads Rs. 1,25,000 and closing inventory of raw material is Rs. 15,000. The amount to be transferred isa)Rs. 3,75,000 to cost of goods manufactured account.b)Rs. 3,75,000 to cost of goods sold account.c)Rs. 3,75,000 to cost of sales account.d)Rs. 3,75,000 to cost to company account.Correct answer is option 'A'. Can you explain this answer? are solved by group of students and teacher of CA Foundation, which is also the largest student community of CA Foundation. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for CA Foundation on EduRev and even discuss your questions like Opening inventory of raw material of a manufacturing concern is Rs. 10,000, Purchase during the year is Rs. 2,00,000, Wages Rs. 50,000, Carriage Rs. 5,000, Factory overheads Rs. 1,25,000 and closing inventory of raw material is Rs. 15,000. The amount to be transferred isa)Rs. 3,75,000 to cost of goods manufactured account.b)Rs. 3,75,000 to cost of goods sold account.c)Rs. 3,75,000 to cost of sales account.d)Rs. 3,75,000 to cost to company account.Correct answer is option 'A'. Can you explain this answer? over here on EduRev! Apart from being the largest CA Foundation community, EduRev has the largest solved Question bank for CA Foundation.
This discussion on Opening inventory of raw material of a manufacturing concern is Rs. 10,000, Purchase during the year is Rs. 2,00,000, Wages Rs. 50,000, Carriage Rs. 5,000, Factory overheads Rs. 1,25,000 and closing inventory of raw material is Rs. 15,000. The amount to be transferred isa)Rs. 3,75,000 to cost of goods manufactured account.b)Rs. 3,75,000 to cost of goods sold account.c)Rs. 3,75,000 to cost of sales account.d)Rs. 3,75,000 to cost to company account.Correct answer is option 'A'. Can you explain this answer? is done on EduRev Study Group by CA Foundation Students. The Questions and Answers of Opening inventory of raw material of a manufacturing concern is Rs. 10,000, Purchase during the year is Rs. 2,00,000, Wages Rs. 50,000, Carriage Rs. 5,000, Factory overheads Rs. 1,25,000 and closing inventory of raw material is Rs. 15,000. The amount to be transferred isa)Rs. 3,75,000 to cost of goods manufactured account.b)Rs. 3,75,000 to cost of goods sold account.c)Rs. 3,75,000 to cost of sales account.d)Rs. 3,75,000 to cost to company account.Correct answer is option 'A'. Can you explain this answer? are solved by group of students and teacher of CA Foundation, which is also the largest student community of CA Foundation. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for CA Foundation on EduRev and even discuss your questions like Opening inventory of raw material of a manufacturing concern is Rs. 10,000, Purchase during the year is Rs. 2,00,000, Wages Rs. 50,000, Carriage Rs. 5,000, Factory overheads Rs. 1,25,000 and closing inventory of raw material is Rs. 15,000. The amount to be transferred isa)Rs. 3,75,000 to cost of goods manufactured account.b)Rs. 3,75,000 to cost of goods sold account.c)Rs. 3,75,000 to cost of sales account.d)Rs. 3,75,000 to cost to company account.Correct answer is option 'A'. Can you explain this answer? over here on EduRev! Apart from being the largest CA Foundation community, EduRev has the largest solved Question bank for CA Foundation.