Question

Find out Cost of goods sold Opening stock = 1002, Purchases = 50,000, Wages = 5000, Manufacturing expenses = 20,000.

Options

• 76,002

• 666002

• 566602

• 446602

Answer 1

76,002

Explanation:

Cost of goods sold = opening stock + purchases + wages + manufacturing expenses + any other direct expenses,

= 1,002 + 50,000 + 5,000 + 20,000

= Rs. 76,002