Stock 1/1/2002..................................N40 000 Goods received from head office.................N800 000 Goods returned to head office...................N34 000...

JAMB 2006

Stock 1/1/2002..................................N40 000
Goods received from head office.................N800 000
Goods returned to head office...................N34 000
Sales...........................................N916000
Stock 31/12/2000................................N72 000

From the data above determine the cost of goods credited to the head office trading account.

A. N766 000
B. N840 000
C. N734 000
D. N806 000

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Correct Answer: Option C

Explanation

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