Question

In case the opening stock was Rs. 5,000, purchases Rs.15,000, direct expenses Rs.2,000 and closing stock Rs. 2500, the cost of goods sold had been _______________.

• A. Rs.20,000
• B. Rs.19,500
• C. Rs.21,500
• D. Rs.22,000

Answer 1

The correct option is B Rs.19,500

cost of goods sold = opening stock + purchase + direct expenses - closing stock

= 5,000 + 15,000 + 2,000 - 2,500

= 19,500