Use the information below to answer question
Stock (1/1/02) at selling price..........N2000
Goods sent to branch (selling price).....N?
Sales by branch (selling price)..........N4500
Stock (31/12/02)........................N?
Opening stock is 1/4 of goods sent to branch.
Determine the closing stock?
N5,500
N6,500
N2,500
N4,500
Correct answer is A
No explanation has been provided for this answer.