JAMB - Commerce (2012 - No. 30)

Given:

opening stock #1,800
purchases #2,800
sales #8,000
closing stock # 350
carriage on sales # 500

calculate the value of the unused stock.

#800

#500

#350

#320

Unused stock can also be referred to closing stock. that is the left over stock after sales. In this case closing stock is 350