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A. opening inventory+purchase+closing inventory
B. opening inventory+closing inventory-purchase
C. opening inventory+purchase-closing inventory
D. Closing inventory+purchase-closing inventory
For calculating the cost of goods sold we need to understand what that term implies for. so that is the total cost of company or entities incurred for the year in production process, so all the direct expenses is form parts for calculating the cost of goods sold, this is associated with the factory direct cost. So if we remember “Trading account table” we can say that opening stock plus purchases and minus closing stock, gives output of cost of goods sold for that year, so the answer C is the correct one. i hope it will make a better understanding to all my fellow member.
C. opening inventory+purchase-clo... invntry............................................................
How is the cost of goods sold calculated? C. opening inventory+purchase-closing inventory
Option C..........................
Correct Answer is C. Opening inventory + purchase - closing inventory will derive cost of goods sold
answer C is the correct answer
thank you
opening inventory+purchase-closing inventory
C is the right answer
we can find as under
Cost of Good Sold = Opening inventory+Purchase-Closing inventory
the answer is option c. (opening stock+purchases-closing inventory)