Question

the Opening Inventory.
3. Inventory Turnover Ratio 5 times; Cost of Revenue from Operations (Cost of Goods Sold) * 18,90,000.
Calculate Opening Inventory and Closing Inventory if Inventory at the end is 2.5 times more than that
in the beginning.​

Answer 1

Answer:

Cost of Goods Sold = Opening Stock + Purchases + Carriage Inwards − Closing Stock

= 20,000 + 50,000 + 5,000 − 10,000 = 65,000

Explanation: