Multiple choice

Calculate the cost of goods sold. Purchases- Rs.8,00,000 Sales- Rs.12,00,000 Opening stock- Rs.2,00,000 Closing stock- Rs.75,000 Wages- Rs.10,000 Carriages- Rs.12,000

  1. 4,00,000

  2. 9,25,000

  3. 9,47,000

  4. 10,97,000

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Cost of goods sold = opening stock + purchases + direct expenses - closing stock. Here, 2,00,000 + 8,00,000 + 10,000 + 12,000 - 75000 = 9,47,000.