Q-11-Q 11 Ascertain Cost of Goods Sold from the following information- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp-Rs-Indirect Expenses nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp-15-200-Direct Expenses nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp-18-600 nbsp-Sales nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp-1-20-000-Net Purchases nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp-72-000-Return Inwards nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp-12-000-Return Outwards nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp-8-000-Closing Inventory nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp-28-000-Opening Inventory nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp- nbsp-16-000- nbsp-

Dear Student, Cost #160;of #160;Goods #160;Sold=Opening #160;Stock+ #160;purchases+Direct #160;Expenses Closing #160;stock #160; #160; #160 ...

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Byju's Answer

Standard X

Mathematics

Linear Inequations

Q.11 Q 11 ...

Question

Q.11

Q 11 Ascertain Cost of Goods Sold from the following information.

Rs.
Indirect Expenses 15,200
Direct Expenses 18,600
Sales 1,20,000
Net Purchases 72,000
Return Inwards 12,000
Return Outwards 8,000
Closing Inventory 28,000
Opening Inventory 16,000

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Solution

Dear Student,

$C o s t o f G o o d s S o l d = O p e n i n g S t o c k + p u r c h a s e s + D i r e c t E x p e n s e s - C l o \sin g s t o c k = 16, 000 + 72, 000 + 18, 600 - 28, 000 = R s 78, 600$

Regards

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Similar questions

Q. From the following information, calculate Inventory Turnover Ratio; Operating Ratio and Working Capital Turnover Ratio:
Opening Inventory ₹ 28,000; Closing Inventory ₹ 22,000; Purchases ₹ 46,000; Revenue from Operations, i.e., Net Sales ₹ 80,000; Return ₹10,000; Carriage Inwards ₹ 4,000; Office Expenses ₹ 4,000; Selling and Distribution Expenses ₹ 2,000; Working Capital ₹ 40,000.

Asertain cost of goods sold from the following

$\begin{matrix} Amt (Rs.) Indirect expenses & 30, 400 Direct expenses & 37, 200 Sales & 2, 40, 000 Net purchases & 1, 44, 000 Return inwards & 24, 000 Return outwards & 16, 000 Closing inventory & 56, 000 Opening inventory & 32, 000 \end{matrix}$

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.

From the following information, calculate Operating Ratio and Quick Ratio.

Revenue from operations Rs 3,00,000; Opening Inventory Rs 10,000; Purchases Rs 1,20,000; Wages Rs 30,000 ; Closing Inventory Rs 30,000; Selling and Distribution Expenses Rs 10,000; Currnet Assets Rs 2,00,000 and Current Liabilities Rs 1,20,000.

Prepare Trail Balance from the following information:

Bank overdraft Rs.28,000,Cash in hand Rs.4,000,Purchase return Rs.8,000,Sundry expenses Rs.24,000,Sales return Rs.16,000,Salaries Rs.16,000,Purchases Rs.56,000,Sales Rs.88,000,Creditors Rs.24,000,Debtors Rs.16,000,Stock (opening) Rs.20,000,Machinery Rs.40,000,Capital Rs.44,000.

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Q.11 Q 11 Ascertain Cost of Goods Sold from the following information. Rs. Indirect Expenses 15,200 Direct Expenses 18,600 Sales 1,20,000 Net Purchases 72,000 Return Inwards 12,000 Return Outwards 8,000 Closing Inventory 28,000 Opening Inventory 16,000

Dear Student, Cost of Goods Sold=Opening Stock+ purchases+Direct Expenses-Closing stock =16,000+72,000+18,600-28,000=Rs 78,600 Regards

Q.11

Q 11 Ascertain Cost of Goods Sold from the following information.

Rs.
Indirect Expenses 15,200
Direct Expenses 18,600
Sales 1,20,000
Net Purchases 72,000
Return Inwards 12,000
Return Outwards 8,000
Closing Inventory 28,000
Opening Inventory 16,000

Dear Student,

$C o s t o f G o o d s S o l d = O p e n i n g S t o c k + p u r c h a s e s + D i r e c t E x p e n s e s - C l o \sin g s t o c k = 16, 000 + 72, 000 + 18, 600 - 28, 000 = R s 78, 600$

Regards