JAMB Commerce 2021 Objective — Question 26
Question 26 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2021 Objective paper, with the correct answer and a full explanation.
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26. Use the following information to answer questions 26 and 27: Closing stock 5000 and purchase 30,000. What is cost of goods available for sale a. 5000 b. 25000 c. 35000 d. 30000
- A. 5000
- B. 25000
- C. 35000
- D. 30000Correct
Explanation
Cost of goods available for sale equals total purchases in this case (since no opening stock is given), which is 30,000.
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