O-LevelAccountingAccounting procedures7707/12 · May/June 2018 · Q161 Mark

Dennis runs a business with two departments, one selling carpets and one selling furniture. Total sales were $210000 of which 60% related to the carpet department. The total gross profit was $54600 of which 60% related to the furniture department. What was the cost of sales of the carpet department?

A$51240

B$62160

C$93240

D$104160

✓ Correct answer

D: $104160

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2018 Paper 1 Variant 2, question 16.

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