Concept:Cost of goods sold for a manufacturer includes opening stock, purchases, and direct wages of production staff, less closing stock.
Explanation:Wages of bakery staff are direct production costs, so they are added to the cost of goods available for sale.
Opening stock is ₦800, purchases are ₦2,450, and bakery wages are ₦675.
Closing stock is ₦940.
Cost of goods sold = Opening stock + Purchases + Wages - Closing stock
=800+2,450+675−940=2,985Carriage outwards and administrative salary are not included in cost of goods sold.
Answer:₦2,985