Given                                                 ₦     
Stock (1/4/94)                                  800
Purchases of flour                         2,450
Sales                                             4,745
Wages of bakery staff                      675
Carriage outwards                             50
Salary of administrative staff            225
Stock (31/3/95)                                 940
Capital                                           1,540

Calculate the cost of goods sold

Similar Questions

Umana Ltd. issued 200,000 shares at N1 each out of its Authorized Share capital of N300,000 at N1 ea...

On Ist January, 1993, lobo Company purchased equipment for N18,000. it uses straight-line depreciati...

What type of stock valuation would a vegetable seller adopt in valuing it's product? ...

Determine wage expenses from the given information, wages outstanding at the beginning, wages paid d...

April 11: Sold goods for cash N50,000  April 20: Bought goods for cash N30,000 April 26: Boug...

Calculate the discount received in Department B \(\begin{array}{c|c} & \text{Dept A} & \text...

\(\begin{array}{c|c} & & ₦\\ \hline \text{Raw materials} & \text{stock 1/1/2000} &...

Use the information below to answer this question. \(\begin{array}{c|c} \text{Raw materials jan.}...

Capital reserves includes the following except ...

Williams and Jacob are in partnership but there is no partnership agreement. The capital contributed...