Question

Compute cost of goods sold from the following information
Closing Stock - 25,000
Opening Stock- 1,50,000
Direct Expenses - 8,000
Net sales during the year - 4,00,000
Net purchases during the year - 1,50,000​

Answer 1

Answer:

COGS =opening stock+net purchase+direct expenses-closing stock

= 150000+150000+8000-25000

=283000