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
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