Question

₹
18,600
Ascertain Cost of Goods Sold from the following:
₹
Indirect Expenses
15,200 Direct Expenses
Sales
1,20,000 Net Purchases
Return Inwards
12,000 Return Outwards
Opening Inventory
16,000 Closing Inventory
72.000
8,000
28,000
(Delhi 2014)​

Answer 1

Answer:

cost of goods sold = opening inventory + net purchase + direct expense - closing inventory

cost = 8000+72000+15200-28000

=95200-28000

=67200

Explanation:

As amount of these items are not properly mention so please apply this formula to calculate cost of goods sold

I had calculated it but answer may wrong also because of improper information