Question

Find Cost of goods Sold. Opening Stock- Rs. 5,25,000, Purchase- Rs. 7,75,000, Wages &Salaries - Rs. 4,50,000, Return outwards- Rs.50,000, Return inwards- Rs.30,000, Closing Stock- Rs. 4,70,000

Answer 1

Answer:

1260000

Explanation:

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

=525000+(775000-50000)+450000-470000

=525000+725000+450000-470000

=1700000-470000

=123000