Use the information below to answer question Stock (1/1/02) at selling price..........N2000 Goods sent to...
FINANCIAL
JAMB 2007
Use the information below to answer question
Stock (1/1/02) at selling price..........N2000
Goods sent to branch (selling price).....N?
Sales by branch (selling price)..........N4500
Stock (31/12/02).........................N?
Opening stock is 1/4 of goods sent to branch.
The value of goods sent to branch is?
- A. N4 000
- B. N6 000
- C. N8 000
- D. N2 000
Correct Answer: C. N8 000
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