Opening stock.................N1000 Closing stock.................N9000 Purchases.....................N14,000 The cost of goods sold is?

WAEC 1990

Opening stock.................N1000
Closing stock.................N9000
Purchases.....................N14,000
The cost of goods sold is?

A. N6000
B. N10000
C. N42000
D. N16000
E. 20000

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Correct Answer: Option A

Explanation

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Opening stock.................N1000 Closing stock.................N9000 Purchases.....................N14,000 The cost of goods sold is?

Correct Answer: Option A

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