Given the following data: Purchases Rs. 26,000, Carriage inwards Rs. 890, Opening stock Rs. 4,500, and closing stock Rs. 6,130. The value of the cost of goods sold is:

Rs. 25,260

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Rs. 27,040

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Rs. 26,150

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Rs. 47,450

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A
Rs. 25,260

COGS
= Opening stock + Purchases + Direct Expenses - Closing Stock

= Rs. 4,500 + Rs. 26,000 + Rs. 890 - Rs. 6,130

= Rs. 25,260

Suggest Corrections

Similar questions

Q. Purchases-Rs. 26,000, Carriage Inwards- Rs. 890, Opening Stock- Rs. 4,500, and Closing Stock- Rs. 6,130. From the given information, cost of sales = .

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:

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.

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	$R s . 2, 82, 650$

Q. Ascertain purchases from the following figures:

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

Join BYJU'S Learning Program

Given the following data: Purchases Rs. 26,000, Carriage inwards Rs. 890, Opening stock Rs. 4,500, and closing stock Rs. 6,130. The value of the cost of goods sold is:

The correct option is A Rs. 25,260 COGS = Opening stock + Purchases + Direct Expenses - Closing Stock = Rs. 4,500 + Rs. 26,000 + Rs. 890 - Rs. 6,130 = Rs. 25,260

The correct option is A
Rs. 25,260

COGS
= Opening stock + Purchases + Direct Expenses - Closing Stock

= Rs. 4,500 + Rs. 26,000 + Rs. 890 - Rs. 6,130

= Rs. 25,260