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Sir cost of sales figure is arrived after deducting closing inventory right
And if there is no closing inventory then
Cost of sales and cost of production can be called the same ?
The cost of sales it the opening inventory plus the cost of production less the closing inventory.
So if both the opening and closing inventories are both zero then the cost of sales and the cost of production will be the same 🙂
Ok sir so that means
The only factor which makes a difference between cost of sales and cost of production is the opening or closing inventories am I right
Thank you
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