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:

Rs. 5,015

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Rs. 4,295

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Rs. 4,445

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Rs. 4,745

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Solution

The correct option is B
Rs. 4,295

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

= Rs. 935 + (Rs. 4,500 - Rs. 300) + Rs. 260 - Rs. 1,100

= Rs. 4,295

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Similar questions

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:

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 _____________.

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. 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 = .

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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:

The correct option is B Rs. 4,295 COGS = Opening stock + Net Purchases + Direct Expenses - Closing Stock = Rs. 935 + (Rs. 4,500 - Rs. 300) + Rs. 260 - Rs. 1,100 = Rs. 4,295

The correct option is B
Rs. 4,295

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

= Rs. 935 + (Rs. 4,500 - Rs. 300) + Rs. 260 - Rs. 1,100

= Rs. 4,295