Use the information below were to answer questions ...................Stationary Dept.............Video Dept. Sales ..............N10,600.....................N15,175 Cost of...

JAMB 2006

Use the information below were to answer questions

...................Stationary Dept.............Video Dept.
Sales ..............N10,600.....................N15,175
Cost of goods sold..N5,247......................N6704

The expenses incurred were rent N4500, motor repairs N1200 and telephone N900.
The basis of cost apportionment is 1/2 stationary 1/3 video.

Determine the net profit of the business?

A. N6600
B. N6271
C. N5353
D. N7224

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Correct Answer: Option B

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