Given ₦ Stock (1/4/94) 800 Purchases of flour 2,450 Sales 4,745 Wages of bakery staff
FINANCIAL
JAMB 2020
Given ₦
Stock (1/4/94) 800
Purchases of flour 2,450
Sales 4,745
Wages of bakery staff 675
Carriage outwards 50
Salary of administrative staff 225
Stock (31/3/95) 940
Capital 1,540
Calculate the cost of goods sold.
- A. ₦3,925
- B. ₦3,250
- C. ₦2,985
- D. ₦2,575
Correct Answer: C. ₦2,985
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