Question

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.​

Answer 1

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