Question

Trading Accounts

Compute cost of goods sold from the following information.

Opening Stock - 8,000
Purchases - 60,000
Direct Expenses - 5,000
Indirect expenses - 6,000
Closing stock - 9,000​

Answer 1

COGS =opening stock +purchase+direct expenses -closing stock

COGS = 8000+60000+5000-9000

=64000