From the data below; determine the cost of goods credited to the head office trading account.

Stock 1/1/2002…………………………….N40 000
Goods received from head office……………..N800 000
Goods returned to head office……………….N34 000
Sales…………………………………….N916000
Stock 31/12/2000…………………………..N72 000

A. N766 000
B. N840 000
C. N734 000
D. N806 000

Correct Answer:

Option C – N734 000