Question No 05 Chapter No 1 – USHA Publication 11 Class

Question No 05 Chapter No 1

Question No 05 Chapter No 1

5. Calculate the cost of goods sold from the following:

  Rs   Rs
Opening stock  10,000 Carriage inward 500
Net purchased 30,000 Closing stock  15,000
Wages 2,500    

 

The solution of Question No 05 Chapter No 1: –

 

 

Cost of goods sold = Opening stock + Net purchased + Direct expenses – Closing stock
  = 10,000 + 30,000 + 2,500 + 500 – 15,000
  = Rs 28,000

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