Given:
₦
Opening Stock 1,800
Purchases 2,800
Sales 8,000
Closing stock 350
Carriage on sales 500
Calculate the value of the unused stock.
- ₦800
- ₦500
- ₦320
-
₦350
The correct answer is: D
Explanation
The unused stock is the value of the stock at the end of the business year which is the closing stock valued at N350 in this case.