{"id":49514,"date":"2024-04-15T22:56:50","date_gmt":"2024-04-15T22:56:50","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=49514"},"modified":"2024-04-15T22:56:50","modified_gmt":"2024-04-15T22:56:50","slug":"given-opening-stock-rs-5000-closing-stock-rs-7000-purchases-rs-10000-manufacturing-expenses-rs-20000-loss-of-meterials-by-fire-rs-1000-manufacturing-cost-will-be","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/given-opening-stock-rs-5000-closing-stock-rs-7000-purchases-rs-10000-manufacturing-expenses-rs-20000-loss-of-meterials-by-fire-rs-1000-manufacturing-cost-will-be\/","title":{"rendered":"Given Opening stock &#8211; Rs. 5,000 Closing stock &#8211; Rs. 7,000 Purchases &#8211; Rs. 10,000 Manufacturing expenses &#8211; Rs. 20,000 Loss of meterials by fire &#8211; Rs. 1,000 Manufacturing cost will be:"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Rs. 28,000&#8243; option2=&#8221;Rs. 29,000&#8243; option3=&#8221;Rs. 27,000&#8243; option4=&#8221;Rs. 30,000&#8243; correct=&#8221;option3&#8243;]<!--more--><\/p>\n<p>The correct answer is: C. Rs. 27,000<\/p>\n<p>Manufacturing cost is the cost of converting raw materials into finished goods. It includes the cost of direct materials, direct labor, and manufacturing overhead.<\/p>\n<p>In this question, we are given the following information:<\/p>\n<ul>\n<li>Opening stock = Rs. 5,000<\/li>\n<li>Closing stock = Rs. 7,000<\/li>\n<li>Purchases = Rs. 10,000<\/li>\n<li>Manufacturing expenses = Rs. 20,000<\/li>\n<li>Loss of materials by fire = Rs. 1,000<\/li>\n<\/ul>\n<p>To calculate the manufacturing cost, we first need to calculate the cost of goods available for sale. This is done by adding the opening stock to the purchases and then subtracting the closing stock.<\/p>\n<p>Cost of goods available for sale = Opening stock + Purchases &#8211; Closing stock<br \/>\n= Rs. 5,000 + Rs. 10,000 &#8211; Rs. 7,000<br \/>\n= Rs. 12,000<\/p>\n<p>The manufacturing cost is then calculated by adding the cost of goods available for sale to the manufacturing expenses and then subtracting the loss of materials by fire.<\/p>\n<p>Manufacturing cost = Cost of goods available for sale + Manufacturing expenses &#8211; Loss of materials by fire<br \/>\n= Rs. 12,000 + Rs. 20,000 &#8211; Rs. 1,000<br \/>\n= Rs. 27,000<\/p>\n<p>Therefore, the manufacturing cost is Rs. 27,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Rs. 28,000&#8243; option2=&#8221;Rs. 29,000&#8243; option3=&#8221;Rs. 27,000&#8243; option4=&#8221;Rs. 30,000&#8243; correct=&#8221;option3&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-49514","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Given Opening stock - Rs. 5,000 Closing stock - Rs. 7,000 Purchases - Rs. 10,000 Manufacturing expenses - Rs. 20,000 Loss of meterials by fire - Rs. 1,000 Manufacturing cost will be:<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/given-opening-stock-rs-5000-closing-stock-rs-7000-purchases-rs-10000-manufacturing-expenses-rs-20000-loss-of-meterials-by-fire-rs-1000-manufacturing-cost-will-be\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Given Opening stock - Rs. 5,000 Closing stock - Rs. 7,000 Purchases - Rs. 10,000 Manufacturing expenses - Rs. 20,000 Loss of meterials by fire - Rs. 1,000 Manufacturing cost will be:\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Rs. 28,000&#8243; 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