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Calculation of closing Stock give example?

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.

Is This Answer Correct ?    6 Yes 4 No



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