find COGS and sales
opening stock = 15000
purchases = 2,00,000
frieght = 5000
cartage = 3000
GP = 20% on cost..
closing stock = 12000
Answers
Answered by
1
Cost of Goods Sold = Opening Stock + Purchase - Closing Stock
i.e. 15000+200000-12000= 2,03,000
Gross Profit = 20% of COGS i.e. 2,03,000 = 40,600
Opening Stock + Purchase + Freight + Carriage + Gross Profit = Sales + Closing Stock,
So Sales = O Stock+ Purchase + Freight + Carriage + Gross Profit - Closing Stock
i.e. 263000-12000= 2,51,600
Answer:
Cost of Goods Sold 2,03,000, and
Sales 2,51,600
i.e. 15000+200000-12000= 2,03,000
Gross Profit = 20% of COGS i.e. 2,03,000 = 40,600
Opening Stock + Purchase + Freight + Carriage + Gross Profit = Sales + Closing Stock,
So Sales = O Stock+ Purchase + Freight + Carriage + Gross Profit - Closing Stock
i.e. 263000-12000= 2,51,600
Answer:
Cost of Goods Sold 2,03,000, and
Sales 2,51,600
bhavuuu:
Ek baat puchu cartage or frieght COGS me add nhi hote
hAn kia jaega... maine jo bataya narrow approach hai.. cost accounting and financial accounting now both recognize what you are telling.. cartage and freight should be added to purchase. So now COGS = Sales - Gross Profit... or O Stock plus Purchase (including cartage and freight) - C Stock
thanku dii
wlcm.. not Di...
Answered by
0
Cogs=opening + purchase - closing - direct expenses
=15000+200000-12000-5000
=198000
GP=20% on cost
i.e 20% of 198000
=39600
Cogs=sales - Gp
i.e
Sales=cogs +Gp
= 198000+39600
=237600
=15000+200000-12000-5000
=198000
GP=20% on cost
i.e 20% of 198000
=39600
Cogs=sales - Gp
i.e
Sales=cogs +Gp
= 198000+39600
=237600
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