The value of opening stock is ₹20,000, purchases are ₹2,00,000 and the cost of goods in hand at the end of the year is ₹ 40,000. Find out the cost of goods sold.
Answers
Answered by
6
the formula for calculating the cost of goods sold is -
cost of goods sold = opening stock + purchase - closing stock
by using this formula,
cost of goods sold = 20,000 + 2,00,000 - 40,000
=>cost of goods sold =2,20,000 - 40,000
= 1,80,000
hope it will help you
please Mark as brainlist
Similar questions