New 55% Off on All Courses - Enroll Now! Click Here

    Question

      Given data that: Finished goods Opening

    Inventory 30,000. Finished goods Closing Inventory 50,000 Cost of goods sold 1,90,000 What will be the value of Cost of Production?
    A 1,70,000 Correct Answer Incorrect Answer
    B 2,10,000 Correct Answer Incorrect Answer
    C 2,40,000 Correct Answer Incorrect Answer
    D 2,20,000 Correct Answer Incorrect Answer
    E 1 80,000 Correct Answer Incorrect Answer

    Solution

    We Know, Cost of Goods Sold = Cost of Production + Opening stock of finished goods – Closing stock of finished goods. Particulars ` Cost of Goods Sold 1,90,000 Add: Closing Stock of finished goods 50,000 Less: Opening stock of finished goods (30,000) Cost of Production 2,10,000

    Practice Next