Ascertain purchases from the following figures:
Cost of goods sold $R s . 80, 700$
Opening stock $R s . 5, 800$
Closing stock $R s . 6, 000$

R s . 80, 700

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R s .80, 900

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R s . 86, 700

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None of these

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Solution

The correct option is D $R s .80, 900$
This can be represented as :
Cost of Goods Sold = Opening Stock + Purchases - Closing Stock
80,700 = 5,800 + Purchases - 6,000
80,700 = 5,800 - 6,000 + Purchases
80,700 = Purchases - 200
Purchases = 80,700 + 200
Purchases = 80,900

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Similar questions

Calculate closing stock and cost of goods sold. Opening stock Rs. 5,000 ; sales Rs. 16,000; carriage inwards Rs. 1,000, sales return Rs. 1,000; gross profit Rs. 6,000; purchases Rs. 10,000; purchases return Rs. 900.

Given the following data: Purchases Rs. 54,533, Carriage inwards Rs. 4,324, Opening stock Rs. 17,600, and closing stock Rs. 14,342. The value of the cost of goods sold is:

Q. Opening stock

R s . 15, 000

, Closing stock

R s . 6, 000

, Total purchase during the year

R s . 30, 000

. Given that opening stock inadvertently includes postage stamps of

R s . 1, 500

. Find the cost of goods sold.

Q. Opening Stock

R s .50000

, purchases

R s .350000

, wages

R s .30000

& closing stock

R s .70000

.
Calculate the amount of cost of goods sold?

Q. From the given information, find the correct amount of purchases.

Cost of goods sold	$R s . 1, 20, 000$
Carriage inwards	$R s . 1, 890$
Opening stock	$R s . 43, 640$
Closing stock	$R s . 38, 500$
Purchase returns	$R s . 2, 150$
Sales	$R s . 2, 82, 650$

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Cost of goods sold	$R s . 80, 700$
Opening stock	$R s . 5, 800$
Closing stock	$R s . 6, 000$

Ascertain purchases from the following figures:Cost of goods soldRs.80,700Opening stockRs.5,800Closing stockRs.6,000

The correct option is D Rs.80,900This can be represented as :Cost of Goods Sold = Opening Stock + Purchases - Closing Stock80,700 = 5,800 + Purchases - 6,00080,700 = 5,800 - 6,000 + Purchases80,700 = Purchases - 200Purchases = 80,700 + 200Purchases = 80,900

Ascertain purchases from the following figures:
Cost of goods sold $R s . 80, 700$
Opening stock $R s . 5, 800$
Closing stock $R s . 6, 000$

The correct option is D $R s .80, 900$
This can be represented as :
Cost of Goods Sold = Opening Stock + Purchases - Closing Stock
80,700 = 5,800 + Purchases - 6,000
80,700 = 5,800 - 6,000 + Purchases
80,700 = Purchases - 200
Purchases = 80,700 + 200
Purchases = 80,900