$\begin{array}{c|c} & N \\ \hline \text{Opening stock of Raw Materials} & 5,800 \\ \text{Closing stock of Raw Materials} & 4,500 \\ \text{Raw material purchased} & 19,000\\ \text{Carriage outwards} & 1,300 \\ \text{Direct labour} & 4,000 \\ \text{Electricity(Factory)} & 2,500 \\ \text{Supervisor's salary} & 5,500 \\ \text{Depreciation of Plant} & 1,500 \\ Sales & 58,000 \\ \text{Closing stock(Finished Goods)} & 4,500 \\ \text{Administrative expenses} & 5,500 \\ \text{selling and Distribution Expenses} & 3,000\end{array}$

His gross profit

Similar Questions

The rule of accounting equation requires that account payable should be placed under? ...

Marhumu and Yusuf are in partnership sharing profits and losses in the ratio of 2:1. On 31/3/2000, t...

Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hli...

Which of the following accounting conventions suggests that accountants should use a method of valua...

Use the following information to answer the given question: \(\begin{array}{c|c} & N \\ \hl...

Beginning inventory............N? Purchases......................N? Ending inventory.................

The concept that recognizes revenue at the time of sale and not only when cash is received is  ...

Where a business is purchased, the full amount of the purchase consideration is credited to ...

Ajijola Enterprises bought 40 pairs of shoes at N45 each from Kabi Shoe Factory on credit. This tran...

The conversion of a partners business into a limited liability company affords the ...