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If Cost of goods sold is Rs.80,700, Opening stock Rs.5,800
and Closing stock
Rs.6,000. Then the amount of purchase will be
(a) Rs.80,500
(b) Rs.74,900
(c) Rs.74,700
(d) Rs.80,900.
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Answer Posted / shreyash
COGS = Purchase + Opening Inventory - Closing Inventory
So, 80,700 = Purchase + 5800 - 6000
Purchase = 80,700 - (-200)
Purchase = 80,700 + 200
Purchase = 80,900
| Is This Answer Correct ? | 2 Yes | 1 No |
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