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Use the following information to answer question, \(\begin{array}{c|c} ₦\\ \hline ...

Use the following information to answer question,
\(\begin{array}{c|c} & ₦\\ \hline \text{Opening stock} & 40,000\\ \text{Purchases} & 130,000\\ \text{Closing stocks} & 32,000 \\ \text{sales} & 180,000\end{array}\)
What was the cost of goods sold?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A ₦170,000
  • B ₦138,000
  • C ₦130,000
  • D ₦122,000
Correct Answer: Option B
Explanation:

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