Home » N Stock at branch 1st January at cost 400 Goods sent to branch at

N Stock at branch 1st January at cost 400 Goods sent to branch at

 N
Stock at branch 1st January at cost 400
Goods sent to branch at cost 8000
Returns to head office 340
Cash sales 9160
Stock at branch 31st December at cost 720

Use the information below to answer the question.

Adex Ltd. Issues stock to its retail branches at cost price.

Calculate the cost of goods credited to the head office trading account

  • A.
    #7200
  • B.
    #7460
  • C.
    #7500
  • D.
    #7660
Correct Answer: Option D
Explanation