What is the cost of goods sold?

Adama’s opening stock is D5,000. He purchased goods worth D30,000. His closing stock was D7,000 and sales D55,000

A. D55000
B. D42,000
C. D32,000
D. D28,000

Correct Answer: Option D

D. D28,000

Explanation

cost of goods sold.= opening stock + purchases – closing stock

5,000 + 30,000 = 35,000

35,000 – 7,000 = 28,000