Use the information below were to answer questions ...................Stationary Dept.............Video Dept. Sales ..............₦10,600......................
Question 1 Report
Use the information below were to answer questions
...................Stationary Dept.............Video Dept.
Sales ..............₦10,600.....................₦15,175
Cost of goods sold..₦5,247......................₦6704
The expenses incurred were rent ₦4500, motor repairs ₦1200 and telephone ₦900.
The basis of cost apportionment is 1/2 stationary 1/3 video.
Determine the net profit of the business?
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