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
5
ANSWER :
(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 :
❒ Given :-
- Sales = 2,00,000
- Purchases = 1,30,000
- Wages = 18,000
- Closing Stock = 22,000
- Opening Stock = 20,000
❒ To Find :-
- Cost of Sales = ?
❒ Required Formula :-
- ★ Cost of Sales = Opening Stock + Purchase + Direct Expenses - Closing Stock
❒ Calculation :-
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
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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