Question

Compute cost of goods sold from the following : `
Opening Stock 30,000
Purchases 1,00,000
Carriage 2,000
Closing Stock 30,000

Answer 1

Answer:

Cost of goods sold = opening stock + purchase + direct expenses - closing stock

Carriage is direct expense

so cost of goods sold = 30000+100000+2000-30000

=102000

Answer 2

Carriage 2000..

here's the best answer.