Question

Q
from the following information
calculate
opening stock:
Purchases during
the
60,000
Sales
the
during
geous
Closing stock
Manufacturing Expenses
Carriage
of gross profit
1,00,000
20,000
7,000
3,000
25%. on cost.
​

Answer 1

Answer:

ANSWER:

Cost of Goods Sold = Opening Stock + Purchases + Closing Stock

= 40,000 + 3,20,000 − 1,20,000 = 2,40,000

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