...................Stationary Dept.............Video Dept...
Use the information below were to answer question
...................Stationary Dept.............Video Dept.
Sales ..............N10,600.....................N15,175
Cost of goods sold..N5,247......................N6704
The expenses incurred were rent N4500, motor repairs N1200 and telephone N900.
The basis of cost apportionment is 1/2 stationary 1/3 video.
Determine the net profit of the business?
N6600
N6271
N5353
N7224
Correct answer is B
No explanation has been provided for this answer.
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