I have purchase 10 no's of batteries at a rate of ₹ 1000/piece.Manuacturer offered 1 battery free of cost.Delivered 11 batteries.I sold 5 batteries at a rate of 1200/piece.How the cost goods sold Will be calculated
Cost of goods sold calculation
Remesh Kumar
Guidance Sought for Calculating Cost of Goods Sold with Free Battery Promotion; Expert Advice Recommended A user inquired about calculating the cost of goods sold after purchasing 10 batteries at 1000 each and receiving 1 additional battery for free, then selling 5 batteries at 1200 each. Two respondents advised consulting a cost accountant for accurate guidance, suggesting that expert advice is crucial for such financial calculations. They recommended seeking professional assistance from a cost management accountant to ensure a precise solution. (AI Summary)