WAEC Accounting 2020 Objective — Question 44
Question 44 of 50 from the West African Examinations Council (WAEC) Accounting 2020 Objective paper, with the correct answer and a full explanation.
Advertisement
The cost of sales for Cosmetics Department was
- A. GH¢127,400
- B. GH¢120,900Correct
- C. GH¢83,800
- D. GH¢76,200
Explanation
Cost of sales for Cosmetics = Opening stock + Purchases - Closing stock = GH¢(28,500+120,000-27,600) = GH¢120,900.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.