Question

2. From the following information Calculate cost of goods sold.
Opening Stock * 45,000, Purchases * 1,60,000, Wages * 2,000, Carriage on purchases
1,000, Closing Stock 8,000,Carriage on Sales * 5,000.




Subject Accounts Class 11​

Answer 1

Answer:

cogs = 200000

Explanation:

opening stock+purchase+ wages+carriage on purchase-sales

45000+160000+2000+1000-8000 = 200000