JAMB Principles of Accounts 2008 Question 35

Departmental Trading Account (Extract)
Stock: Total ₦3 000; P ₦2 000; Q ₦1 000
Purchases: Total ₦4 000; P ₦2 500; Q ₦1 500
Sales: Total ₦10 000; P ₦6 000; Q ₦4 000
Closing stock: Total ₦2 000; P ₦1 500; Q ₦500
Goods worth N 300 was transferred from department Q to P. Similarly, P's total expenses for the period was N 200.
Department P's net profit was

1. A.N 5 200
2. B.N 3 000
3. C.N 2 800
4. D.N 2 500