calculation of coast of goods sold

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Question Posted / hasini

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calculation of coast of goods sold..

Answer / raju

sales - gross profit

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8 Yes

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calculation of coast of goods sold..

Answer / priyul

Opening Stock + Purchase + Expenses related to purchase -
Closing stock.

Is This Answer Correct ?

7 Yes

1 No

calculation of coast of goods sold..

Answer / kannan

I'll give the full format
cost of goods sold
-------------------
opening stock+expenes of purchase(freight)-discount-closing stock

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0 No

calculation of coast of goods sold..

Answer / saurav negi

manufacturing condition-
opening stock + purchase - closing stock
trading condition -
opening stock + expense of purchase - discount / commission -closing stock

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calculation of coast of goods sold..

Answer / manu

sales-gross profits

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calculation of coast of goods sold..

Answer / barodianbuddy(acca)

General answer:

COGS= OPENING STOCK + PURCHASE - CLOSING STOCK

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