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WAEC Commerce 2025 Paper

Question : 21

Total: 50

- The cost of goods sold is

Solution:

Concept:

Cost of goods sold is the direct cost of inventory sold, calculated using opening stock, purchases, and closing stock.

Explanation:

Use the formula for cost of goods sold:

\text{Cost of goods sold} = \text{Opening stock} + \text{Purchases} - \text{Closing stock}

Substitute the given values into the formula:

= \#4{,}000 + \#17{,}000 - \#12{,}000

First add the opening stock and purchases:

= \#21{,}000 - \#12{,}000

Then subtract the closing stock:

= \#9{,}000

Hence, the cost of goods sold is

\#9{,}000

Answer:

\#9{,}000

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