Use the following information to answer the given questio...
Use the following information to answer the given question.
NPurchases:raw materials20,000finished goods15,200Stock 1/1/89: raw materials3,000work-in-progress2,500Wages:direct22,800indirect7,200Factory expenses:electricity12,000insurance2,000Stock 31/12/89:raw materials4,000work-in-progress4,500
The cost of materials used is
N23,000
N21,000
N20,000
N19,000
N16,000
Correct answer is D
No explanation has been provided for this answer.
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\(\begin{array}{c|c} & N \\ \hline \text{Opening stock of raw materials} & 8,000\\ \text{Pur...