Given the following data extracted from the book of Abdul traders.
Opening stock - Rs. 30,000
Closing stock - Rs.40,000
Purchases- Rs.1,25,000
Carriage inwards-Rs.2,000
Carriage outwards- Rs.3,000
Return outwards- Rs.5,000
Sales - Rs.1,50,000
The cost of goods sold will be ____________.

R s .1, 30, 000

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R s .1, 12, 000

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R s .1, 20, 000

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R s .1, 15, 000

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Solution

The correct option is C $R s .1, 12, 000$
Cost of goods sold is calculated as :

Opening Stock + Net Purchases + Direct Expenses - Closing Stock = Cost of Goods Sold

By putting the available information:

Rs.30000 + Rs.120000 (Rs.125000 - Rs.5000) + Rs.2000 - Rs.40000

Cost of Goods Sold = Rs. 112000

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Given the following data: Purchases Rs. 4,500, Returns outwards Rs. 300, Returns inwards Rs. 150, Carriage outwards Rs. 830, Carriage inwards Rs. 260, Opening stock Rs. 935, and closing stock Rs. 1,100. The value of the cost of goods sold is:

Q. Sales Rs 1,00,000, Cost of Goods sold Rs 80,000, Closing stock, Rs 10,000, Operating expenses Rs 5,000, freight Inward Rs 1,000, Freight outward Rs 3,000. Determine the operating profit?

Q. Opening Stock Rs. 90,000, Cash Sales Rs. 36,000, Credit Sales Rs. 7,20,000, Returns outwards Rs. 6,000. Wages & Salaries Rs. 2,400 Carriage Inwards Rs. 1,200. Freight Inwards Rs. 1,800, Cartage Inwards Rs. 600, Cash Purchases Rs. 30,000, Credit Purchases 6,00,000, Returns Inward Rs. 12,000, Cost of closing Stock as on 31st March Rs. 54,000 but its market value is Rs. 50,400, Freight outwards Rs. 600. The Gross Profit for the year is _____________.

Q. Find the cost of goods purchased from the following details:
Opening stock Rs.8,000

Direct expenses Rs. 5,000
Sales Rs. 45,000

Indirect Expenses Rs. 3,500
Closing stock Rs. 2,000

Gross profit Rs. 5,000.

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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Given the following data extracted from the book of Abdul traders.Opening stock - Rs. 30,000Closing stock - Rs.40,000Purchases- Rs.1,25,000Carriage inwards-Rs.2,000Carriage outwards- Rs.3,000Return outwards- Rs.5,000Sales - Rs.1,50,000The cost of goods sold will be ____________.

The correct option is C Rs.1,12,000Cost of goods sold is calculated as :Opening Stock + Net Purchases + Direct Expenses - Closing Stock = Cost of Goods SoldBy putting the available information:Rs.30000 + Rs.120000 (Rs.125000 - Rs.5000) + Rs.2000 - Rs.40000Cost of Goods Sold = Rs. 112000

Given the following data extracted from the book of Abdul traders.
Opening stock - Rs. 30,000
Closing stock - Rs.40,000
Purchases- Rs.1,25,000
Carriage inwards-Rs.2,000
Carriage outwards- Rs.3,000
Return outwards- Rs.5,000
Sales - Rs.1,50,000
The cost of goods sold will be ____________.