Capital: opening balance 307,000
closing balance 342,000
Net profit for the period 121,600
Opening stock 98,800
Purchases 706,000
Carriage inwards 17,500
Cost of goods sold 740,700
Total selling , general and 
administration expenses 526,000
Discount received 9, 650

What is the closing stock for the period?

A.

N69,300

B.

N81,300

C.

N81,600

D.

N106,400

Correct answer is C

No explanation has been provided for this answer.