[amp_mcq option1=”Rs. 39,000″ option2=”Rs. 40,000″ option3=”Rs. 41,000″ option4=”Rs. 44,000″ correct=”option2″]<\/p>\n
The correct answer is: B. Rs. 40,000<\/strong><\/p>\n Cost of goods sold is the value of the goods that a company has sold during a period. It is calculated by taking the beginning inventory, adding the cost of goods purchased, and then subtracting the ending inventory.<\/p>\n In this case, the beginning inventory is Rs. 10,000, the cost of goods purchased is Rs. 30,000, and the ending inventory is Rs. 5,000. Therefore, the cost of goods sold is:<\/p>\n Cost of goods sold = Beginning inventory + Cost of goods purchased – Ending inventory Option A is incorrect because it does not subtract the ending inventory from the cost of goods purchased. Option C is incorrect because it adds the direct expenses to the cost of goods sold. Option D is incorrect because it adds the beginning inventory to the cost of goods purchased.<\/p>\n","protected":false},"excerpt":{"rendered":" [amp_mcq option1=”Rs. 39,000″ option2=”Rs. 40,000″ option3=”Rs. 41,000″ option4=”Rs. 44,000″ correct=”option2″]<\/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-54380","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"\n
\n= Rs. 10,000 + Rs. 30,000 – Rs. 5,000
\n= Rs. 40,000<\/p>\n