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'.

A ₹ 71,000 Correct Answer Incorrect Answer
B ₹ 98,400 Correct Answer Incorrect Answer
C ₹ 70,000 Correct Answer Incorrect Answer
D ₹ 80,400 Correct Answer Incorrect Answer

Solution

COGS = Op Stock + Purchases + Direct Exp – Closing Stock 17000 + 61400 + 9600 – 18000 = 70,000

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