JAMB Accounting 2023 Objective — Question 40

Question 40 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2023 Objective paper, with the correct answer and a full explanation.

Cost of goods sold is A.

A. #60,000
B. #65,000Correct
C. #100,000
D. #105,000

Explanation

Since there is no closing stock, the cost of goods available for sales will be equal to cost of goods sold. Thus; = #65,000.

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