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Calculation of closing Stock give example?
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Answer Posted / shiv kumar
First we have to calculate Cost of goods Sold.
Purchase=72
Opening Closing=49
Total Cost of Material=121
Now we have to calculate -cost of goods sold.
let us that cost of goods sold is 95
Now Closing stock= total cost of material less cost of goods sold.
121 less 95=26
Answer is 26 closing stock.
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