Compute cost of goods sold for the year 2016-2017. With the help of th

1.	Compute cost of goods sold for the year 2016-2017. With the help of the following information.Stock on 01-April-2015 3,00,000Stock on 31-March-2016 4,00,000Purchases during the year 15,00,000Sales during the year 20,00.000wages 1,20,000
Answer» Cost of goods sold = Opening Stock + Net purchase + Direct Expenses – Closing Stock COGS = 3,00,000 + 15,00,000 + 1,20,000 – 4,00,000 4 = 15,20,000

Compute cost of goods sold for the year 2016-2017. With the help of the following information.Stock on 01-April-2015 3,00,000Stock on 31-March-2016 4,00,000Purchases during the year 15,00,000Sales during the year 20,00.000wages 1,20,000

Answer»

Cost of goods sold = Opening Stock + Net purchase + Direct Expenses – Closing Stock

COGS = 3,00,000 + 15,00,000 + 1,20,000 – 4,00,000 4

= 15,20,000

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Compute cost of goods sold for the year 2016-2017. With the help of the following information.Stock on 01-April-2015 3,00,000Stock on 31-March-2016 4,00,000Purchases during the year 15,00,000Sales during the year 20,00.000wages 1,20,000

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