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Ascetain Cost of Goods Sold from the following {:(,Rs,|,,Rs),("Indirect Expenses","15,200",,"Direct Expenses","18,600"),("Sales","1,20,000",,"Net Purchases","72,000"),("Return Inwards","12,000",,"Return Outwards","8,000"),("Opening Inventory","16,000",,"Closing Inventory ","28,000"):} |
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Answer» SOLUTION :Cost of Goods Sold = Opening INVENTORY + Purchases (Net) + DIRECT Expenses - Closing Inventory `= RS 16,000 + Rs 72,000 + Rs 28,000 = Rs 78,600` |
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