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Question

  Given data that:

Finished goods Opening Inventory 30,000.

Finished goods Closing Inventory 50,000

Cost of goods sold 1,90,000

What will be the value of Cost of Production?

A 1,70,000 Correct Answer Incorrect Answer
B 2,10,000 Correct Answer Incorrect Answer
C 2,40,000 Correct Answer Incorrect Answer
D 2,20,000 Correct Answer Incorrect Answer
E 1 80,000 Correct Answer Incorrect Answer

Solution

We Know, Cost of Goods Sold = Cost of Production + Opening stock of finished goods – Closing stock of finished goods. Particulars ` Cost of Goods Sold 1,90,000 Add: Closing Stock of finished goods 50,000 Less: Opening stock of finished goods (30,000) Cost of Production 2,10,000

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