WAEC Commerce 2021 Objective — Question 21
Question 21 of 50 from the West African Examinations Council (WAEC) Commerce 2021 Objective paper, with the correct answer and a full explanation.
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The cost of goods sold is
- A. N4,000
- B. N9,000Correct
- C. N16,000
- D. N21,000
Explanation
Cost of goods sold = Opening stock + Purchases – Closing stock = 4,000 + 17,000 – 12,000 = N9,000.
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