Accounting WAEC

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

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6 years ago

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