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Stock 1/1/2002..................................₦40 000Goods received from head ...


Question

Stock 1/1/2002..................................₦40 000

Goods received from head office.................₦800 000

Goods returned to head office...................₦34 000

Sales...........................................₦916000

Stock 31/12/2000................................₦72 000

From the data above determine the cost of goods credited to the head office trading account.

Options

A) ₦766 000

B) ₦840 000

C) ₦734 000

D) ₦806 000

The correct answer is C.


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