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Given: Opening stock: ₦40 000 Purchases: ₦115 000 Closing stock: ₦60 000 ...


Question

Given:
Opening stock: ₦40 000
Purchases: ₦115 000
Closing stock: ₦60 000
Sales: ₦250 000

What is the cost of goods sold?

Options

A) ₦155 000

B) ₦95 000

C) ₦50 000

D) ₦30 000

The correct answer is B.


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