Use this information below to answer this question.

Trading Account (Extract)

.................N.............................N......

Opening stock...19500........Sales............96 000..

Add purchases...68700.................................

................88200.................................

Less closing stock..?.................................

Cost of goods sold..?.................................

Gross profit C/D....?.................................

....................?..........................?......

The gross profit margin is 20%

Determine the closing stock

• A N76 800
• B N67 800
• C N14 100
• D N11 400