from the following information find out opening stock purchase 22000 ,sales 33000, closing stock 2000 ,wages 500, indirect expenses 700 , rate of gross profit on cost 1/2, return outwards 2000 and return inwards 3000
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Opening Stock 2,50,000 Sales 18,00,000
Purchases 7,00,000
Less: Sales Returns
36,000 17,64,000
Less: Purchases Returns
22,000 6,78,000 Closing Stock 6,00,000
Carriage Inward 34,000
Wages 2,06,000
Custom Duty 15,000
Gas, Fuel & Power 60,000
Dock Charges 8,000
Manufacturing Expenses 2,48,000
Factory Lighting 96,000
Gross Profit (Balancing Figure) 7,69,000
23,64,000 23,64,000
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