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Use the following information to answer the given \(\begin{array}{c|c} \text{1st Jan.} ...

Use the following information to answer the given
\(\begin{array}{c|c} & \text{1st Jan.} & \text{31st Dec.} \\ & ₦ & ₦ \\ creditors & 4,200 & 5,200 \\ stocks & 3,600 & 3,200 \\ \text{cash paid to creditors during the year was ₦18,000} \end{array}\)
Cost of sales for the year was
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  • A ₦19,800
  • B ₦19,400
  • C ₦18,400
  • D ₦17,400
Correct Answer: Option B
Explanation:

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