use the following information to answer the given question (begin{array}{c|c} text{Opening stock} & text{- Footwears…

use the following information to answer the given question
(begin{array}{c|c} text{Opening stock} & text{- Footwears Department} & N800 \ & text{- Stationary Department} & N600 \ Purchases & text{- Footwears Department} & N1,600 \ & text{- Stationary Department} & N2,800 \ text{Wages of shoe packers} & & N600 \ & text{-Salaries} & N1,200 \ & text{-Footwares} & N4,000 \ Sales & text{- stationery} & N6,000end{array})
Additional Information (i) No closing stock
(ii) Common expenses are to be shared in the ratio sales
The net profit of Footwares Department is
  • A.
    N1,880
  • B.
    N1,600
  • C.
    N880
  • D.
    N520
  • E.
    N280
Correct Answer: Option C
Explanation
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