Ascetain Cost of Goods Sold from the following
`{:(,Rs,|,,Rs),("Indirect Expenses","15,200",,"Direct Expenses","18,600"),("Sales","1,20,000",,"Net Purchases","72,000"),("Return Inwards","12,000",,"Return Outwards","8,000"),("Opening Inventory","16,000",,"Closing Inventory ","28,000"):}`

Explanation

Cost of Goods Sold = Opening Inventory + Purchases (Net) + Direct Expenses - Closing Inventory
`= Rs 16,000 + Rs 72,000 + Rs 28,000 = Rs 78,600`