\(\begin{array}{c|c} & N \\ \hline \text{Opening stoc...
Use the following information to answer the given question
NOpening stock of raw materials8,000Purchases45,000Closing stock of raw materials9,500Direct wages6,450Indirect wages2,800Depreciation - Plant and Machinery3,200Factory rents and rates350Opening work-in-progress3,250Closing work-in-progress3,750
Factory cost of production is
N56,300
N53,000
N52,750
N45,500
Correct answer is A
No explanation has been provided for this answer.
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Zazzau Company: Cash in hand................N50 Cash in bank................N1 250 Stock..........