Question

Opening stock 30,000
Purchase 80,000
direct expense 3000
closing Stock 20000
sale 1, 25,000
Calculate the cost of goods sold and gross profit​

Answer 1

Answer:

cost of good sold = opening stock + purchases + direct expense - closing stock

= 30,000+80,000+3000 - 20,000

= 1,13,000 - 20,000

= 93,000

profit = sales - cost of good sold

= 1,25,000 - 93,000

= 32,000