4 points8.Calculate value of material consumedOP sock of material Rs 1

1.	4 points8.Calculate value of material consumedOP sock of material Rs 10000, Motive PowerRs 2000, Material transferred RS 200, Carriageinward Rs 500, Material sold 500, Purchase ofmaterial Rs 2500, Scarp of material sold RS400, Productive wages Rs 1000, Cl stock ofmaterial Rs 150, Welfare services Rs 600,Material transferred from other dept 550...According to cost accounting Answer: Anoints
Answer» Answer: The calculation of the cost of goods sold for a MANUFACTURING COMPANY is: BEGINNING INVENTORY of Finished Goods. Add: Cost of Goods Manufactured. Equals: Finished Goods Available for Sale. Subtract: Ending Inventory of Finished Goods. Equals: Cost of Goods Sold.

4 points8.Calculate value of material consumedOP sock of material Rs 10000, Motive PowerRs 2000, Material transferred RS 200, Carriageinward Rs 500, Material sold 500, Purchase ofmaterial Rs 2500, Scarp of material sold RS400, Productive wages Rs 1000, Cl stock ofmaterial Rs 150, Welfare services Rs 600,Material transferred from other dept 550...According to cost accounting Answer: Anoints

Answer»

Answer:

The calculation of the cost of goods sold for a MANUFACTURING COMPANY is:

BEGINNING INVENTORY of Finished Goods.

Add: Cost of Goods Manufactured.

Equals: Finished Goods Available for Sale.

Subtract: Ending Inventory of Finished Goods.

Equals: Cost of Goods Sold.

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