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  3. Accounts - Principles of Accounts
  4. JAMB 2002
  5. Given: Stock (1/4/...

Given: Stock (1/4/94) N800 Purchases of flour N2450 Sales N4745 Wages of bakery staff N675...

Accounts - Principles of Accounts
JAMB 2002
Given:
Stock (1/4/94) N800

Purchases of flour N2450

Sales N4745

Wages of bakery staff N675

Carriage outwards N50

Salary of administrative staff N225

Stock (31/3/95) N940

Capital N1540
Determine the cost of goods sold?
  • A. N2575
  • B. N2985
  • C. N3250
  • D. N3925
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Correct Answer: Option B
Explanation
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Post UTME Past Questions Agent
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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