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