Page 18 - Lesson Note
P. 18
Data relating to year 2012-13 of M/s Rajasthan Men’s wear
Cost of Goods sold = Opening Stock + Net Purchases + Direct Expenses – Closing
stock
= 0 + 15,00,000 +55,000 – 1,00,000
= 14,55,000
OR
Cost of Goods Sold = Net Sales – Gross Profits
= 25,00,000 – 10,45,000
= 14,55,000
