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WAEC - Commerce (2017 - No. 14)

Adama's opening stock is D5,000. He purchased goods worth D30,000. His closing stock was D7,000 and sales D55,000
Adama's opening stock is D5,000. He purchased goods worth D30,000. His closing stock was D7,000 and sales D55,000
Adama's opening stock is D5,000. He purchased goods worth D30,000. His closing stock was D7,000 and sales D55,000
What is the cost of goods sold
D55000
D42,000
D32,000
D28,000

Explanation

 cost of goods sold.= opening stock + purchases - closing stock

5,000 + 30,000 = 35,000

35,000 - 7,000 = 28,000

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