Accounting WAEC

What was the cost of goods sold?
What was the cost of goods sold?What was the cost of goods sold?

Use the following information to answer the question

₦
Opening stock 40,000
Purchases 130,000
Closing stocks 32,000
sales 180,000

A. ₦170,000
B. ₦138,000
C. ₦130,000
D. ₦122,000

Correct Answer: Option B

B. ₦138,000

Sunday

Share
Published by
Sunday
Tags: Accounting
5 years ago

    Related Post

  • Which of the following has a debit balance?
  • Which of the following is found in receipts and payments account?

Recent Posts

STM413 Theory Questions: Antibiotic Action on Protein Synthesis and Characteristics of Effective Disinfectants

400 Level  Department of Science Laboratory Technology exam questions and detailed answers. Download the answers in…

3 days ago

STM 413 Theory Question: Factors Affecting Antimicrobial Agent Effectiveness

400 Level  Department of Science Laboratory Technology exam questions and detailed answers. Download the answers in…

3 days ago

STM 413 Theory Questions: Key Factors Influencing Drug Disposition in the Body

400 Level  Department of Science Laboratory Technology exam questions and detailed answers. Download the answers in…

3 days ago

STM 413 Theory Questions: Ensuring Drug Safety: GMP Principles and Understanding Drug Misuse

400 Level  Department of Science Laboratory Technology exam questions and detailed answers. Download the answers in…

3 days ago

STM 413 Theory Questions: Semisynthetic Penicillins and Drug Antagonism

400 Level  Department of Science Laboratory Technology exam questions and detailed answers. Download the answers in…

3 days ago

STM 414 Theory Questions: Bacterial Toxins: Endotoxins vs Exotoxins and Pathogenic Mechanisms

400 Level  Department of Science Laboratory Technology exam questions and detailed answers. Download the answers in…

3 days ago