Home » Commerce » Given: Opening stock 40 000 Purchases 115 000 Closing stock 60 000 Sales 250 000…

Given: Opening stock 40 000 Purchases 115 000 Closing stock 60 000 Sales 250 000…

Given:
Opening stock 40 000
Purchases 115 000
Closing stock 60 000
Sales 250 000
What is the cost of goods sold?
  • A.
    N 155 000
  • B.
    N 95 000
  • C.
    N 50 000
  • D.
    N 30 000
Correct Answer: Option B
Explanation