Answer Posted / rishikesh (imrt business schoo
RISHIKESH (IMRT BUSINESS SCHOOL)
Where the cost of expenditure incurred for the production
of product from the stage of conversion of raw material to
finished product. where cost of goods can be state as :
COGS=Opening stock+purchases+manufacturing expenses/direct
expenses-Closing stock
IN FORMULA BASED..
Cost of Good Sold = (Opening Stock + Purchases + Direct
Expenses) - (Closing Stock + Direct Incomes)
| Is This Answer Correct ? | 3 Yes | 1 No |
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