Question on: WAEC Accounting - 1994
Use the following to answer the given question
(\begin{array}{c|c} & N & & N \ \hline \text{Opening stock} & 1,200 & sales & 29,000 \ Purchases & ? & \text{Less sales returns } & 500 \ \text{Add. Carriage Inwards} & 300 & & ? \ \text{Less return outwards} & 1,570 \ & 28,500 \ \text{Less closing stock} & 2,220 & \ \text{Gross Profit(25% of sales)} & 28,500 & & 28,500 \end{array})
What is the cost of goods purchased?
A
N22,095
B
N22,395
C
N22,765
D
N23,665
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Correct Option: D
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