Opening stock $R s . 15, 000$ , Closing stock $R s . 6, 000$ , Total purchase during the year $R s . 30, 000$ . Given that opening stock inadvertently includes postage stamps of $R s . 1, 500$ . Find the cost of goods sold.

R s . 40, 000

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R s . 39, 000

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R S . 37, 500

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R s . 36, 000

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Solution

The correct option is C $R S . 37, 500$
Opening stock $+$ Purchases $-$ Closing stock $=$ Cost of goods sold;
$15000 - 1500 + 30, 000 - 6, 000 = 37, 500$ .

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Opening stock Rs.15,000, Closing stock Rs.6,000, Total purchase during the year Rs.30,000. Given that opening stock inadvertently includes postage stamps of Rs.1,500. Find the cost of goods sold.

The correct option is C RS.37,500Opening stock + Purchases − Closing stock = Cost of goods sold;15000−1500+30,000−6,000=37,500.

Opening stock $R s . 15, 000$ , Closing stock $R s . 6, 000$ , Total purchase during the year $R s . 30, 000$ . Given that opening stock inadvertently includes postage stamps of $R s . 1, 500$ . Find the cost of goods sold.

The correct option is C $R S . 37, 500$
Opening stock $+$ Purchases $-$ Closing stock $=$ Cost of goods sold;
$15000 - 1500 + 30, 000 - 6, 000 = 37, 500$ .