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    Question

    If the opening stock is ₹50,000, purchases are

    ₹2,00,000, and closing stock is ₹70,000, the Cost of Goods Sold is:
    A ₹1,80,000 Correct Answer Incorrect Answer
    B ₹2,20,000 Correct Answer Incorrect Answer
    C ₹2,50,000 Correct Answer Incorrect Answer
    D ₹1,30,000 Correct Answer Incorrect Answer
    E ₹3,20,000 Correct Answer Incorrect Answer

    Solution

    COGS = Opening Stock + Purchases - Closing Stock. 50,000 + 2,00,000 - 70,000 = 1,80,000.

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