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WAEC Commerce 2011 Paper
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© africaexams.com
Question : 18
Total: 47
A trader's turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the closing stock was D3,000.
What is the cost of goods sold?
D28,000
D27,000
D8,000
D5,000
Validate
Solution:
Starting inventory + purchases - ending inventory =
cost of goods sold
.
2000 + 28000 - 3000 = 27,000
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