Given that 1/3 of the N6000 stock held by a branch is purchased from outsiders. If goods are invoiced to branch at 25% on cost, the provision for unrealized profit is?

Given that 1/3 of the N6000 stock held by a branch is purchased from outsiders. If goods are invoiced to branch at 25% on cost, the provision for unrealized profit is?

A N1000.00
B N333.33
C N666.66
D N800.00

jamb 2002 accounting

The correct answer is D. N800.00

No explanation given

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