But COGS = Opg Stock + Production or Purchased Stock - Clsg Stock ?
Closing stock - urgent
Page no : 2
MOHD ANZAR ALI
(EMPLOYEE)
(78 Points)
Replied 12 June 2012
since COGS = 100000
WHERE SALE = COGS+ PROFIT
THEN TOTAL SALE AVAILABLE =100000+25000
HENCE AVAILABE FOR SALE = 125000
ACTUAL SALE 80000
THEN CLOSING STOCK = 125000-80000 = 45000
further it may treat closing stock on cost value
45000-9000 = 36000
take 20% on sale are equal 25% on cost.
Sheena Maheshwari
(ARTICLESHIP)
(240 Points)
Replied 12 June 2012
hemchand
it must be cost of goods available for sale=100000
and not COGS plz check the question
and if it is so use ali's answer
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