Use the information below were to answer questions ...................Stationary Dept.............Video Dept. Sales ..............₦10,600......................

Assessment: JAMB UTME - Principles of Accounts - 2006 Subject: Financial Accounting

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.

Find the total expenses allocated to the stationary department?

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