Use the information below to answer the 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.
A. N4 000
B. N6 000
C. N8 000
D. N2 000
Correct Answer:
Option C – N8 000
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