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Given: opening stock #1,800 purchases #2,800 sales #8,000 closing stock # 350 carriage on sales...

Commerce
JAMB 2012

Given:

opening stock #1,800
purchases #2,800
sales #8,000
closing stock # 350
carriage on sales # 500

calculate the value of the unused stock.

  • A. #800
  • B. #500
  • C. #350
  • D. #320
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Correct Answer: Option C
Explanation

Unused stock can also be referred to closing stock. that is the left over stock after sales. In this case closing stock is 350 

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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent