Cost of goods sold =: [1]
A. Purchase + Direct expenses
B. Opening stock of material + Purchase of material + Direct expenses – Closing stock of material
C. Opening stock of material + Purchases of material – Closing stock of material
D. None of the above
Answer:B
Cost of goods sold =: [1]
A. Purchase + Direct expenses B. Opening stock of material + Purchase of material + Direct expenses – Closing stock of material C. Opening stock of material + Purchases of material – Closing stock of material D. None of the above