Use the following to answer the given question
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Use the following to answer the given question
NNOpening stock1,200sales29,000Purchases?Less sales returns 500Add. Carriage Inwards300?Less return outwards1,57028,500Less closing stock2,220Gross Profit(25% of sales)28,50028,500
What is the cost of goods sold?
N19,805
N21,075
N21,375
N21,750
N22,395
Correct answer is C
No explanation has been provided for this answer.
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Opening stock---------2,300 Purchases-------------11,874 Sales--------------------18,600 Closing ...