Adama’s opening stock is D5,000. He purchased goods worth D30,000. His closing stock was D7,000 and sales D55,000
What is the cost of goods sold
- D55000
- D42,000
- D32,000
-
D28,000
The correct answer is: D
Explanation
cost of goods sold.= opening stock + purchases - closing stock
5,000 + 30,000 = 35,000
35,000 - 7,000 = 28,000