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The cost of goods for department B is

Accounts - Principles of Accounts
JAMB 2019

Use the question to answer this question:

Opening stock
Department
A
B

100
800
Purchases:
A
B
Wages of workers
Salaries

1500
2000
50
100
Sales
A
B

3000
5000

Expenses are to be shared in the ratio of sales.

The cost of goods for department B is

  • A. 4,120
  • B. 3400
  • C. 3000
  • D. 2800
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Correct Answer: Option D
Explanation

Cost of goods sold for departmental B
opening stock + purchases - closing stock
800 + 2000
⇒ **2,800


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WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
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