Compute the cost of goods sold from the following information. | Particulars | Rs. | Particulars | Rs. | | --- | --- | --- | --- | | Opening Stock | 10,000 | Indirect Expenses | 5,000 | | Purchases | 80,000 | Closing Stock | 15,000 | | Direct Expenses | 7,000 | | |

Compute the cost of goods sold from the following – Class 11 Accountancy

Question 19 of 30

Compute the cost of goods sold from the following information.

Particulars	Rs.	Particulars	Rs.
Opening Stock	10,000	Indirect Expenses	5,000
Purchases	80,000	Closing Stock	15,000
Direct Expenses	7,000

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COGS = Opening Stock + Purchases + Direct Expenses − Closing Stock = Rs. 82,000 (indirect expenses are not part of COGS).

Formula: Cost of goods sold = Opening Stock + Net Purchases + Direct Expenses − Closing Stock.