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    Question

    The amount of purchase if  Cost of Goods Sold =

    ₹80,700 Opening Inventory = ₹5,800 Closing Inventory = ₹6,000
    A ₹80,500 Correct Answer Incorrect Answer
    B ₹74,900 Correct Answer Incorrect Answer
    C ₹80,900 Correct Answer Incorrect Answer
    D ₹84,900 Correct Answer Incorrect Answer

    Solution

    Explanation: COGS=Opening Inventory + Purchases − Closing Inventory 80,700 = 5,800 + Purchases − 6,000 ⇒ Purchases = 80,700 + 6,000 − 5,800 = ₹80,900 

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