Question

The following information was taken from Smart Company's accounting
records for the year ended March 31, 2013:
(3)
Increase in raw materials inventory 15,000
Decrease in finished goods inventory 35,000
Raw materials purchased
4,30,000
Direct labour payroll
2,00,000
Factory overhead
3,00,000
Freight
45,000
There was no work in process inventory at the beginning or end of the
year. Smart's 2,000 cost of goods sold is : ​

Answer 1

Answer:

(c) 9,75,000

Explanation:

increase in raw materials inventory 15000

Raw materials purchased. + 430000

Direct labour payroll. + 200000

Freight. + 45000

Factory overhead. + 300000

Cost of goods sold. + 20000 Decrease in finished goods. - (35000)

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Answer:- 9,75,000

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