Given: Opening stock: ₦40 000 Purchases: ₦115 000 Closing stock: ₦60 000 Sales: ₦250 000 What is the cost of goods sold?

Assessment: JAMB UTME - Commerce - 1995 Subject: Commerce

Question 1 Report

Given:
Opening stock: ₦40 000
Purchases: ₦115 000
Closing stock: ₦60 000
Sales: ₦250 000

What is the cost of goods sold?

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