Question

Compute the cost of goods sold from the following information:

Particulars	₹	Particulars	₹
Opening stock	10,000	Indirect expenses	5,000
Purchases	80,000	Closing stock	15,000
Direct expenses	7,000

Answer 1

Cost of goods sold = Opening stock + Net purchases + Direct expenses – Closing stock

= 10,000 + 80,000 + 7,000 – 15,000

= ₹ 82,000