alleryStart learning →Opening stock Rs 40,000, purchases Rs 2,60,000, closing stock Rs 50,000. Cost of goods sold?
ARs 3,50,000
BRs 2,70,000
CRs 3,00,000
DRs 2,50,000
Answer & Solution
Correct answer: D. Rs 2,50,000
COGS = opening stock + purchases - closing stock = 40,000 + 2,60,000 - 50,000 = 2,50,000.
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