Question

If opening stock is rs. 10,000, net purchases rs. 70,000, wages rs. 2,500, carriage inward rs. 500 and closing stock rs. 15,000, what is the manufacturing cost?

Answer 1

Step-by-step explanation:

Given  

If opening stock is rs. 10,000, net purchases rs. 70,000, wages rs. 2,500, carriage inward rs. 500 and closing stock rs. 15,000   what is the manufacturing cost?

Merchandising cost will be calculated as follows.

Opening Stock                                            Rs 10000

Add – Purchase                  70000

     Wages                              2500

Carriage Inward                      500                          73000

                                                                                83,000

Less – Closing stock                                                15,000

Merchandising Cost will be                                     68,000

Answer 2

Answer:

Cost of good sold = opening stock + purchases + wages +carriage inward - closing stock

= 10000+70000+2500+500-1500

=83000-15000

=68000