Given

\(\begin{array}{c|c}
\text{Opening stock} & 50,000 \\
\hline
\text{Purchases} & 200,000 \\
\hline
\text{Sales} & 350,000 \\
\hline
\text{Closing stock} & 80,000 \\
\end{array}\)

What is the cost of good sold?

a

N200,000

b

N190,000

c

N170,000

d

N175,000

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Explanation

Correct Option
c

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