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From the data above determine the cost of goods credited to the head office trading account

Stock 1/1/2002…………………………….N40 000
Goods received from head office……………..N800 000
Goods returned to head office……………….N34 000
Sales…………………………………….N916000
Stock 31/12/2000…………………………..N72 000
From the data above determine the cost of goods credited to the head office trading account.
  • A.
    N766 000
  • B.
    N840 000
  • C.
    N734 000
  • D.
    N806 000
Correct Answer: Option C
Explanation