Use the following information to answer questions the question below

01/01/17 31/12/17

Trade creditors 630,000 780,000

Stock 540,000 480,000

Trade creditors

Stock

Cash paid to trade creditors in 2017 was N2,700,000. 00

The cost of goods sold was?

  • A N3,330,000
  • B N2,910,000
  • C N2,760,000
  • D N2,610,000

The correct answer is B. N2,910,000

No explanation given
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