If cost of production is ₹1,87,500; opening stock of finished goods is ₹72,800; closing stock of finished goods is ₹44,000; sales return is ₹12,500 and purchase return is ₹8,000; the value of cost of goods sold is:
CS Executive · Corporate and Management Accounting · PYQS · December 2022
If cost of production is ₹1,87,500; opening stock of finished goods is ₹72,800; closing stock of finished goods is ₹44,000; sales return is ₹12,500 and purchase return is ₹8,000; the value of cost of goods sold is:
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Cost Accounting
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