Question
Opening Stock ₹
17,000 Purchases ₹ 61,400 Direct Expenses ₹ 9,600 Indirect Expenses ₹ 10,400 Closing Stock ₹ 18,000 Calculate the 'Cost of Goods sold'.Solution
COGS = Op Stock + Purchases + Direct Exp – Closing Stock 17000 + 61400 + 9600 – 18000 = 70,000
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