Interested to Buy Any Domain ? << Click Here >> for more details...
5. What is cost of goods sold?
- 12 Answers
- 23010 Views
- Godrej, IBM, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / chetan vyas
Opening Stock+Purchases+Direct Expenses-closing stock.
| Is This Answer Correct ? | 39 Yes | 2 No |
Answer / vinotha.v
COST OF GOODS SOLD =
opening stock + purchase (purchase - purchase return) +
direct expenses - closing stock.
(OR)
COST OF GOODS SOLD =
SALES (sales - sales return) - GROSS PROFIT.
| Is This Answer Correct ? | 23 Yes | 3 No |
Answer / smita
op.stock of raw material
+purchases
-purchase returns
+carriage inward
-closing stock of raw material
+direct wages
+direct expenses
+factory overheads
+op stock of work in progress
-closing stock of work in progress
+administration overheads
+op stock of finished goods
-clo stock of finished goods
=cost of goods sold
| Is This Answer Correct ? | 15 Yes | 2 No |
Answer / potenaik
cost of goods sold means the actual cost of the goods which
is sold
| Is This Answer Correct ? | 10 Yes | 2 No |
Answer / ravi
opening stock + purchases + direct exp - closing stock
if opening stock&purchases not given then-
sales - g/p
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / mahesh babu
cost of goods sold mean it is acctual cost of goods.
1.cost of goods = sales-gross profit.
2.cost of goods = opening stock+Net purchase+Direct exp -
Net sales.
| Is This Answer Correct ? | 4 Yes | 3 No |
Answer / kuldeep pandey
Cost of goods sold=
Opening Stock+Net Purchase+Direct Exp-Net Sale-Clossing
Stock.
Net Purchase= Purchase-Purchase Return
Net Sale = Sale -Sale Return
Or
Gross Profit - Sale
| Is This Answer Correct ? | 0 Yes | 0 No |
Expand-----CIMA
waht is the menaing of accounts payble?
WHAT IS THE DIFFERENCE BETWEEN SEND FOR APPROVAL (WITHOUT PARKING) AND ASSIGNMENT CORRECT IN MYSAP FI POSTING?
Plz Give the Inventry Accounting Procedure 1.Domestic Purchases ( VAT,CST,& Excise) 2.Import Purchases ( Direct Expences & Excise ) 3.When Will the Price Diffrence Entry Happen? 4.Cash Discount & Trade Discount On Purchases? 5.Domestic Sales ( VAT,CST,& Excise) 6.Export Sales ( Customes ,Excise ) 7.Cash Discount & Trade Discount On Sales?
fd redeem interest and principal entry in tally
Expand ________CAFR
What is the working formula for Inventory turnover
what is debt equity ratio
7 Answers Banking, ICICI, State Bank Of India SBI,
STAte clearly the domain and range of random variable
how is cost concept extension of on going concept?
Expand ------APIIC
What is the rule on a school who will be handled by anither school? How do I calculate the royalty per year to the school who will supervise a new school
Audit 
