Question on: JAMB Accounting - 2002

Given:

Stock (1/4/94) N800

Purchases of flour N2450

Sales N4745

Wages of bakery staff N675

Carriage outwards N50

Salary of administrative staff N225

Stock (31/3/95) N940

Capital N1540

Determine the cost of goods sold?

A
N2575
B
N2985
C
N3250
D
N3925
Ask EduPadi AI for a detailed answer
Correct Option: B

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