Calculate cost of goods sold from the following
Opening stock rupees 40000, net purchase rupees 50000, net sales rupees 19000
wages and salary is rupees 10000, rent paid rupees 15000, closing stock rupees 15000
Answers
Answered by
51
Explanation:
Opening stock ₹ 40000,
net purchase ₹ 50000,
net sales ₹ 19000
wages and salary is ₹ 10000,
rent paid ₹ 15000,
closing stock ₹ 15000
As per the Question :
Cost of goods sold = Opening stock + net purchase + Direct expenses - closing stock
Cost of goods sold = 40000 + 50000 + 10,000 - 15,000
Cost of goods sold = ₹ 85,000
Hence,
Cost of goods sold = ₹ 85,000
Answered by
49
Answer:
Cost of Goods Sold = Rs. 85,000
Explanation:
Given :
- Opening Stock Rs. = 40,000
- Net Purchase = Rs. 50,000
- Net Sales = Rs. 19,000
- Wages and Salary = Rs. 10,000
- Rent paid = Rs. 15,000
- Closing Stock = Rs. 15,000
To find :
- Cost Of Goods Sold
Solution :
★ Cost of Goods Sold :
Cost of Goods Sold = Opening Stock + Net Purchase + Wages and Salary - Closing Stock
40,000 + 50,000 + 10,000 - 15,000
1,00,000 - 15,000
85,000
Cost of Goods Sold = Rs. 85,000
∴ Cost of Goods Sold = Rs. 85,000
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