₦ Stock at branch 1st January at cost 400 G..

Question 1 Report

	₦
Stock at branch 1st January at cost	400
Goods sent to branch at cost	8000
Returns to head office	340
Cash sales	9160
Stock at branch 31st December at cost	720

Use the information below to answer the question.

Adex Ltd. Issues stock to its retail branches at cost price.

Calculate the cost of goods credited to the head office trading account.

₦7200

₦7460

₦7500

₦7660

₦ Stock at branch 1st January at cost 400 Goods sent to branch at cost 8000 Returns to head office 340 Cash sales 9160 Stock at branch 31st December at cost...