WAEC Financial Accounting 1994 Question 6

Use the following Trading Account (? marks figures you must work out):
Debit side: Opening Stock ₦1,200; Purchases ?; Add Carriage Inwards ₦300; Less returns outwards ₦1,570; Less closing stock ₦2,220; Gross Profit (25% of sales) ?; Total ₦28,500
Credit side: Sales ₦29,000; Less sales Returns ₦500; Net sales ₦28,500

The cost of goods available for sale is

1. A.₦21,375
2. B.₦22,095
3. C.₦22,395
4. D.₦23,595
5. E.₦25,165