Given; Purchases = N20,000 Sales = N40,000 Carriage inwards = N5,000 Carriage outwards = N5,000
FINANCIAL
JAMB 1994
Given; Purchases = N20,000 Sales = N40,000 Carriage inwards = N5,000 Carriage outwards = N5,000 Opening stock = N10,000 Closing stock = N5,000 What is the cost of goods sold?
- A. N30,000
- B. N25,000
- C. N20,000
- D. N15,000
Correct Answer: A. N30,000
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