The cost of goods sold is?

By: |Published on: Jun 6|Categories: Accounting WAEC| 0 comments

Use the following information to answer the given question

# 
Sales 14,600
Purchases 5,500
Return inward 150
Rent 2,000
Salaries 1,000
Discount received 400
Closing stock 250
Opening stock 100

A. N5,350
B. N5,150
C. N4,500
D. N4,250

Correct Answer: Option A

A. N5,350

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