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      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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