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:

Rs. 76,457

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Rs. 62,115

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Rs. 57,791

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None of the above

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Solution

The correct option is B
Rs. 62,115

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

= Rs. 17,600 + Rs. 54,533 + Rs. 4,324 - Rs. 14,342

= Rs. 62,115

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Similar questions

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. 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 = .

Q. Ascertain purchases from the following figures:

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

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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:

The correct option is B Rs. 62,115 COGS = Opening stock + Purchases + Direct Expenses - Closing Stock = Rs. 17,600 + Rs. 54,533 + Rs. 4,324 - Rs. 14,342 = Rs. 62,115

The correct option is B
Rs. 62,115

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

= Rs. 17,600 + Rs. 54,533 + Rs. 4,324 - Rs. 14,342

= Rs. 62,115