Particulars Rs.
Sales $15, 000$
Opening Stock $6, 000$
Purchases $10, 000$
Closing Stock ?
Cost of goods sold $9, 000$
Gross Profit ?
Selling Expenses $4, 000$
Net Profit ?
The value of closing stock is?

Rs.

9, 000

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Rs.

4, 000

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Rs.

8, 000

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Rs.

7, 000

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Solution

The correct option is D Rs. $7, 000$
COGS= Opening stock + Purchase + Direct Expenses - Closing stock
9000 = 6000 + 10000 - Closing stock
Closing stock = 7000

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Similar questions

Particulars	Rs.
Sales	$15, 000$
Opening Stock	$6, 000$
Purchases	$10, 000$
Closing Stock	?
Cost of goods sold	$9, 000$
Gross Profit	?
Selling Expenses	$4, 000$
Net Profit	?

Gross profit will be.

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. 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 _______________.

Q. Ascertain purchases from the following figures:

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

Q. 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.

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ParticularsRs.Sales15,000Opening Stock6,000Purchases10,000Closing Stock?Cost of goods sold9,000Gross Profit?Selling Expenses4,000Net Profit?The value of closing stock is?

The correct option is D Rs. 7,000COGS= Opening stock + Purchase + Direct Expenses - Closing stock 9000 = 6000 + 10000 - Closing stock Closing stock = 7000

Particulars Rs.
Sales $15, 000$
Opening Stock $6, 000$
Purchases $10, 000$
Closing Stock ?
Cost of goods sold $9, 000$
Gross Profit ?
Selling Expenses $4, 000$
Net Profit ?
The value of closing stock is?

The correct option is D Rs. $7, 000$
COGS= Opening stock + Purchase + Direct Expenses - Closing stock
9000 = 6000 + 10000 - Closing stock
Closing stock = 7000