Question

Cost of goods sold will be:

A Rs. 30,000 Correct Answer Incorrect Answer
B Rs. 35,000 Correct Answer Incorrect Answer
C Rs. 40,000 Correct Answer Incorrect Answer
D Rs. 32,000 Correct Answer Incorrect Answer

Solution

Cost of goods sold (COGS) = Opening inventory + purchases + direct expenses– closing inventory Here cost of goods sold = 8500 + 30700 + 4800 – 9000 = Rs. 35,000  

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