How to calculate material purchases if opening stock and material consumed and sales are given?
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From sales, calculate cost of goods sold by reducing profit amount from sales value.
Cost of goods sold = Opening stock + Purchases - Closing stock
Materials consumed = Opening stock plus Purchases minus Closing stock
Use the above formula to calculate required figures.
Cost of goods sold = Opening stock + Purchases - Closing stock
Materials consumed = Opening stock plus Purchases minus Closing stock
Use the above formula to calculate required figures.
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