Cost of goods sold calculation

[Remesh Kumar]

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

[KASTURI SETHI]

Fool proof advice should be sought from CMA !

[Ganeshan Kalyani]

Rightly said by Sri Kasturi Sir. Cost accountant is the right person to answer your query. We may attempt to reply . But it is better to knock the right door.

Here in TMI list of experts is available wherein you can find one to seek solution.

AI Summary

Cost of goods sold calculation when free items included: practitioner advised to consult a cost accountant for proper treatment. Issue concerns computation of cost of goods sold where a purchaser received an extra unit free with a paid purchase and later sold some units; the forum replies did not provide valuation guidance and advised consulting a qualified cost accountant to determine appropriate unit cost allocation and tax reporting.