HomeArtPurchases + opening stock – closing stock = ? 2. Purchases + opening stock – closing stock = ?By Administrator / August 24, 2025 A) Amount of sales B) Gross profit C) Cost of goods sold D) Net income ✅ ANSWER: C Purchases + opening stock – closing stock = Cost of goods sold.
1. If direct material cost is $5500 and prime cost is $25000, then direct manufacturing labour would be Leave a Comment / Art, Costing / By Administrator
2. LIFO method of pricing of materials is more suitable when _________. Leave a Comment / Art, Costing / By Administrator