- Give the formula to calculate "cost of Goods sold.'
Answers
Answered by
7
Answer:
Cost of good sold=
Beginning Inventory+Purchases-Ending Investory
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Answered by
2
Cost of goods sold = Opening Stock + Purchase + Direct expenses - Closing stock
Or
Cost of goods sold = Net sales - Gross Profit
Explanation:
Cost of goods sold = Opening Stock + Purchase + Direct expenses - Closing stock
The above formula is taken from Trading Account so it's a detail of stock
many teacher also used Trading Account for calculation of cost of goods sold
alternate formula
Cost of goods sold = Net sales - Gross Profit
Note: you may calculate cost of goods sold any of these 2 formula.
According to the value available for which formula
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https://brainly.in/question/9745881
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