WAEC Commerce 2017 Objective — Question 14
Question 14 of 50 from the West African Examinations Council (WAEC) Commerce 2017 Objective paper, with the correct answer and a full explanation.
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14. What is the cost of goods sold? (using the data in Q13)
- A. A. D55,000
- B. B. D42,000
- C. C. D32,000
- D. D. D28,000Correct
Explanation
Cost of goods sold = opening stock + purchases - closing stock = 5000+30000-7000 = 28,000.
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