Given: Opening stock 40 000 Purchases 115 000 Closing stock 60 000 Sales 250 000...

Commerce

JAMB 1995

Given:

Opening stock 40 000
Purchases 115 000
Closing stock 60 000
Sales 250 000
What is the cost of goods sold?

A. N 155 000
B. N 95 000
C. N 50 000
D. N 30 000

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Correct Answer: Option B

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Given: Opening stock 40 000 Purchases 115 000 Closing stock 60 000 Sales 250 000...

Correct Answer: Option B

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