Use the following information to answer questions the question below          ...

Use the following information to answer questions the question below ...

WAEC 2019

Use the following information to answer questions the question below
01/01/17 31/12/17
Trade creditors 630,000 780,000
Stock 540,000 480,000
Trade creditors
Stock
Cash paid to trade creditors in 2017 was N2,700,000. 00

The cost of goods sold was?

A. N3,330,000
B. N2,910,000
C. N2,760,000
D. N2,610,000

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Correct Answer: Option B

Explanation

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