Cost of Revenue from Operations = Opening Inventory + _ + Direct expenses - _

Work-in-progress, Closing inventory

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Closing inventory, Gross profit

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Net purchases, Closing inventory

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Net sales, Gross profit

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Solution

The correct option is C Net purchases, Closing inventory
Cost of Revenue from Operations
= Opening Inventory + Net Purchases + Direct Expenses - Closing Inventory

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Similar questions

Employee Benefit expenses is 10,000;
Cost of revenue from operation = 60,000;
Opening Inventory is 30,000 and
Average Inventory is 20,000.
Calculate Inventory Turnover Ratio

Q. From the following Information, calculate Inventory Turnover Ratio:
Credit Revenue from Operations ₹ 3,00,000; Cash Revenue from Operations ₹ 1,00,000, Gross Profit 25% of Cost, Closing Inventory was 3 times the Opening Inventory. Opening Inventory was 10% of Cost of Revenue from Operations.

Calculate Inventory Turnover Ratio from the following particulars :

Cost of Revenue from Operations (Cost of Goods Sold) Rs. 6,40,000

Gross Profit 20% on Sales

Closing Inventory : 4 times of Opening Inventory

Opening Inventory : 10% of Cost of Revenue from Operations.

Q. (i) Revenue from Operations: Cash Sales ₹4,20,000; Credit Sales ₹6,00,000; Return ₹20,000. Cost of Revenue from Operations or Cost of Goods Sold ₹8,00,000. Calculate Gross Profit Ratio.
(ii) Average Inventory ₹1,60,000; Inventory Turnover Ratio is 6 Times; Selling Price 25% above cost. Calculate Gross Profit Ratio.
(iii) Opening Inventory ₹1,00,000; Closing Inventory ₹60,000; Inventory Turnover Ratio 8 Times; Selling Price 25% above cost. Calculate Gross Profit Ratio.

Q. Inventory turnover ratio
= Cost of Revenue from Operations / Inventory.

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Cost of Revenue from Operations = Opening Inventory + _____________ + Direct expenses - _____________

The correct option is C Net purchases, Closing inventoryCost of Revenue from Operations = Opening Inventory + Net Purchases + Direct Expenses - Closing Inventory

Cost of Revenue from Operations = Opening Inventory + _ + Direct expenses - _

The correct option is C Net purchases, Closing inventory
Cost of Revenue from Operations
= Opening Inventory + Net Purchases + Direct Expenses - Closing Inventory