Use the question to answer this question: Opening stock ₦ Department A B 100 800 Purchases: A B Wages of workers Salaries 1500 2000 50 100 Sales A B 3000 50...
Question 1 Report
Use the question to answer this question:
Expenses are to be shared in the ratio of sales.
The cost of goods for department B is
Answer Details
The cost of goods for department B is 2800. To find the cost of goods, we need to subtract the total expenses from the total sales. First, we need to calculate the total expenses by determining the expenses to be shared in the ratio of sales, which is 1500 + 2000 + 50100 = 71600. Then, we can find the total sales for department B, which is 3000 + 5000 = 8000. Finally, we can subtract the total expenses from the total sales: 8000 - 71600 = 2800. This is the cost of goods for department B.
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