Compute cost of goods sold form the following information: – InterviewSolution

1.

Compute cost of goods sold form the following information:

Answer»

Cost of goods sold = Opening stock + Net purchases + Direct expenses – Closing stock

= 10,000 + 80,000 + 7,000 – 15,000

= Rs. 82,000

Note: Indirect expenses do not form part of cost of goods sold.

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