Question on: WAEC Accounting - 1997
use the following information to answer the given question
\(\begin{array}{c|c} \text{Opening stock} & \text{- Footwears Department} & N800 \ & \text{- Stationary Department} & N600 \ Purchases & \text{- Footwears Department} & N1,600 \ & \text{- Stationary Department} & N2,800 \ \text{Wages of shoe packers} & & N600 \ & \text{-Salaries} & N1,200 \ & \text{-Footwares} & N4,000 \ Sales & \text{- stationery} & N6,000\end{array}\)
Additional Information (i) No closing stock
(ii) Common expenses are to be shared in the ratio sales
The net profit of Footwares Department is
\(\begin{array}{c|c} \text{Opening stock} & \text{- Footwears Department} & N800 \ & \text{- Stationary Department} & N600 \ Purchases & \text{- Footwears Department} & N1,600 \ & \text{- Stationary Department} & N2,800 \ \text{Wages of shoe packers} & & N600 \ & \text{-Salaries} & N1,200 \ & \text{-Footwares} & N4,000 \ Sales & \text{- stationery} & N6,000\end{array}\)
Additional Information (i) No closing stock
(ii) Common expenses are to be shared in the ratio sales
The net profit of Footwares Department is
A
N1,880
B
N1,600
C
N880
D
N520
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Correct Option: C
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