[amp_mcq option1=”Rs. 65,000″ option2=”Rs. 83,000″ option3=”Rs. 68,000″ option4=”Rs. 73,000″ correct=”option3″]<\/p>\n
The correct answer is: C. Rs. 68,000<\/strong><\/p>\n The manufacturing cost is the cost of producing a product. It includes the cost of materials, labor, and overhead.<\/p>\n To calculate the manufacturing cost, we can use the following formula:<\/p>\n Manufacturing cost = Opening stock + Net purchases + Direct labor + Direct expenses + Manufacturing overhead – Closing stock<\/p>\n In this case, we have the following information:<\/p>\n Substituting these values into the formula, we get:<\/p>\n Manufacturing cost = Rs. 10,000 + Rs. 70,000 + Rs. 2,500 + Rs. 500 – Rs. 15,000 = Rs. 68,000<\/p>\n Therefore, the manufacturing cost is Rs. 68,000.<\/p>\n Option A is incorrect because it is the cost of goods sold. The cost of goods sold is the cost of the goods that a company has sold during a period. It is calculated by taking the beginning inventory, adding the net purchases, and subtracting the ending inventory.<\/p>\n Option B is incorrect because it is the cost of goods available for sale. The cost of goods available for sale is the cost of the goods that a company has available to sell during a period. It is calculated by taking the beginning inventory, adding the net purchases, and subtracting the opening stock.<\/p>\n Option D is incorrect because it is the cost of goods manufactured. The cost of goods manufactured is the cost of the goods that a company has manufactured during a period. It is calculated by taking the direct materials, direct labor, and manufacturing overhead, and adding the beginning work in process inventory, and subtracting the ending work in process inventory.<\/p>\n","protected":false},"excerpt":{"rendered":" [amp_mcq option1=”Rs. 65,000″ option2=”Rs. 83,000″ option3=”Rs. 68,000″ option4=”Rs. 73,000″ correct=”option3″]<\/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-53803","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"\n\n