Use the following information to answer the given questio...
Use the following information to answer the given question
NOpening stock of Raw Materials5,800Closing stock of Raw Materials4,500Raw material purchased19,000Carriage outwards1,300Direct labour4,000Electricity(Factory)2,500Supervisor's salary5,500Depreciation of Plant1,500Sales58,000Closing stock(Finished Goods)4,500Administrative expenses5,500selling and Distribution Expenses3,000
The cost of raw materials used is
N28,100
N24,300
N24,300
N21,600
N20,300
Correct answer is E
No explanation has been provided for this answer.
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