5. What is cost of goods sold?
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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 |
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