Question 29
Incomplete RecordsManufacturing cost of finished goods: ₦75,000
Selling and distribution expenses: ₦5,000
Mark-up is 25%
The sales value for the year is
- A.₦93,750
- B.₦56,250
- C.₦18,750
- D.₦17,500
- E.₦13,750
Show the answer and explanation
Answer: A (₦93,750)
Explanation
Sales = 75,000 + 18,750 = ₦93,750.