Prepare Cost of goods sold from the following data. 47. Find out Sales value from the following data. 48. Find the amount of Profit from the given data.

Here is the solution for question 47: Step 1: Calculate the Office Overhead. Office overhead is 20% of works cost. Office Overhead = 20\% × Works Cost Office Overhead = 0.20 × ₹ 1,20,000 Office Overhead = ₹ 24,000 Step 2: Calculate the Cost of Production. The Cost of Production is the Works Cost plus the Office Overhead. Cost of Production = Works Cost + Office Overhead Cost of Production = ₹ 1,20,000 + ₹ 24,000 Cost of Production = ₹ 1,44,000 Step 3: Calculate the Cost of Goods Sold (COGS). The Cost of Goods Sold is calculated using the opening stock of finished goods, the cost of production, and the closing stock of finished goods. COGS = Opening Stock of Finished Goods + Cost of Production - Closing Stock of Finished Goods COGS = ₹ 4,50,000 + ₹ 1,44,000 - ₹ 1,60,000 COGS = ₹ 5,94,000 - ₹ 1,60,000 COGS = ₹ 4,34,000 Step 4: Calculate the Sales Value. Let the Sales Value be S. Profit is 25% of the Sales Value, so Profit = 0.25S. We know that Sales Value = Cost of Goods Sold + Profit. S = COGS + 0.25S S - 0.25S = COGS 0.75S = COGS S = COGS0.75 S = (₹ 4,34,000)/(0.75) S = ₹ 5,78,666.67 Comparing this calculated value to the given options, the closest option is (d) ₹ 5,80,000. The final answer is (d) ₹ 5,80,000. 3 done, 2 left today. You're making progress.