Accountancy, asked by tausif93, 3 months ago

1. Sales 2,00,000; Purchases * 1,30,000; Wages *18,000; Closing Stock *22,000; Opening
Stock 20,000. What was the Cost of Sales ?
(a) 1,46,000
(b) * 1,50,000
(c) 1,28,000
(d) None of these

Answers

Answered by TRISHNADEVI
5

ANSWER :

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(a) 1,46,000

  • ❖ If Sales 2,00,000; Purchases 1,30,000; Wages 18,000; Closing Stock 22,000 and Opening Stock 20,000; then the Cost of Sales is 1,46,000.

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SOLUTION :

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Given :-

  • Sales = 2,00,000

  • Purchases = 1,30,000

  • Wages = 18,000

  • Closing Stock = 22,000

  • Opening Stock = 20,000

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To Find :-

  • Cost of Sales = ?

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Required Formula :-

  • ★ Cost of Sales = Opening Stock + Purchase + Direct Expenses - Closing Stock

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Calculation :-

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Substituting the value in the formula we get,

  • Cost of Sales = Opening Stock + Purchase + Direct Expenses - Closing Stock

➜ Cost of Sales = 20,000 + 1,30,000 + 18,000 - 22,000

➜ Cost of Sales = 1,68,000 - 22,000

Cost of Sales = 1,46,000

  • Hence, the Cost of Sales = 1,46,000.

Answered by Alzir
3

Explanation:

COGS = 1,30,000 + 18,000 + 20,000 − 22,000

= 1,68,000 - 22,000

= 1,46,000

option (a) 1,46,000

COGS = 1,46,000

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