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Begining finished goods 40000 ending finished goods 70000 goods manufacture during period 50000

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Question added by Ahmed kandil , Cost Controller , Battour Holding Cpompany
Date Posted: 2015/04/07

COGS= purchases+ opening stocks- closing stocks

=50000

=20000

Riaz Ahammed
by Riaz Ahammed , Financial Accountant , UTC Climate Controls & Security

The Cost of goods sold will be A -20,000.

Cost of Goods sold = Beginning Inventory + Purchases/Manufactured - Ending Inventory

 

Deleted user
by Deleted user

COGS=OPENING STOCK+GOODS MANUFACTURED-CLOSING STOCK

COGS=40000=20000

 

Answer is

>>A)20000

BIBIN VARGHESE
by BIBIN VARGHESE , Senior Accountant , LONDON CONSULTING MEDICAL CENTER

COGS will be A-20000.........................................................

Anas  Dawah
by Anas Dawah , Senior Internal Auditor , Talal Abu-Ghazaleh Global (TAGI)

A------------------------------------------------------20000

OWAIS QAZI
by OWAIS QAZI , Accounts & Finance Manager , Skyhigh Industries (Pvt) Ltd.

Answere A, Cost of Goods sold accoriding to your question is20000

Mohammad  Qawasmi
by Mohammad Qawasmi , Freelancer, Case Management , Freelancing

is it real? i think this must come to public

Mohammed Haseeb Ahmed
by Mohammed Haseeb Ahmed , Head Of Human Resources , Redco International WLL

A-20000

COGS = (opening goods + manufactured - closing goods)

             = (40000)

             =20000

kamran Khan
by kamran Khan , Accountant , Concord Medical Equipment Trading LLC

A is the Answer...20000...........................................

MUHAMMAD AFTAB HUSSAIN
by MUHAMMAD AFTAB HUSSAIN , Executive Business Development Manager , EFU Life Assurance Ltd.

Cost of Goods will be A-20000

Muhammad Shahid Naseer
by Muhammad Shahid Naseer , As a Internee , Tandlianwala Suger Mills Ltd.(Kanjwani)

A..........................................20000

Manufacturing cost+ beging cost -anding cost