Ascertain cost of Goods Sold and Gross Profit from the following: [3m]
Opening Stock Purchases
Direct Expenses Indirect Expenses Closing Stock Sales
Sales Returns
Rs.
32,000 2,80,000 20,000 45,000 50,000 4,00,000 8,000
Answers
Answered by
8
Answer:
Cost of Goods Sold
= Opening Stock + Purchase + Direct Expense - Indirect Expenses - Closing Stock
= 32000 + 280000 + 20000 - 45000 - 50000
= 237000
Gross Profit
= Sales - Sales Return - Cost of goods sold
= 400000 - 8000 - 237000
= 155000
Answered by
0
Answer:
cost of goods sold = opening stock + purchase +direct expenses -indirect expenses - closing stock .
cogs:(32000+280000+20000-45000-50000)
=237000
gross profit=sales - sales return - cost of goods sold
gross profit=(400000-8000)
= 392000
Similar questions