What would be the cost of goods sold?

Given,

	₦
Stock (1/4/94)	800
Purchases of flour	2,450
Sales	4,745
Wages of bakery staff	675
Carriage outwards	50
Salary of administrative staff	225
Stock (31/3/95)	940
Capital	1,540

A. ₦3,925
B. ₦3,250
C. ₦2,985
D. ₦2,575

Correct Answer:

Option C = ₦2,985