Use the following information to answer the given questio...
Use the following information to answer the given question
MANUFACTURING AND TRADING ACCOUNTS
\(\begin{array}{c|c} & N & & N \\ \hline \text{Opening raw material} & 10,000 & \text{Manufacturing cost} & 114,000 \\ purchases & 60,000 \\ & \overline{70,000} & & \\ \text{Less: Closing raw material} & 8,000 & & \\ & \overline{62,000} & & \\ \text{Direct labour} & 20,000 & & \\ \text{Direct expenses} & 20,000 & & \\ \text{Factory overhead} & 12,000 & & \\ & \overline{114,000} & & \overline{114,000} \\ & & & \text{_______} \\ \text{Stock b/d} & \overline{10,000} & sales & X \\ Purchases & X & \text{Less sales returns} & 5,000 \\ \text{Manufacturing cost} & 114,000 & & \\ & \overline{144,000} & & \\ \text{Stock c/d} & 12,000 & & \\ & \overline{132,000} & & \\ \text{Gross profit 20% on sales } & \text{_______} & & \text{_______}\\ & X & & X \end{array}\)
What is the total of raw materials consumed?
N144,000
N144,000
N70,000
N62,000
N60,000
Correct answer is D
No explanation has been provided for this answer.
Maimalari Ltd had (i) Earning per share 47k (ii) Dividend per share 30k (iii) P...
The total value received by company as consideration for shares issued constitutes ...
Use the following information to answer this question The following are the final accounts of a t...
Sales - #232,000 Opening stock - # 28,000 Purchases - #128,000 Carriage inwards - # 4,000 Carria...
Debentures issued at a price above the nominal value are said to be issued ...
What is a ledger entry for the sale of plant and machinery on credit to Wilson? ...
A source document is used for verifying the? ...
The debenture issued at par above the nominal value is said to be issued at a ...