Use the following information to answer the given questio...
Use the following information to answer the given question
MANUFACTURING AND TRADING ACCOUNTS
NNOpening raw material10,000Manufacturing cost114,000purchases60,000¯70,000Less: Closing raw material8,000¯62,000Direct labour20,000Direct expenses20,000Factory overhead12,000¯114,000¯114,000_______Stock b/d¯10,000salesXPurchasesXLess sales returns5,000Manufacturing cost114,000¯144,000Stock c/d12,000¯132,000Gross profit 20% on sales ______________XX
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.
A credit entry is made in the plant and machinery account for the ...................... ...
If sales is D 12,000 and the gross profit mark -up percentage is 25%. What is the cost of sales? ...
Purchasers - #44,880 Sales - #85,850 Trade creditors - #12,250 Trade debtors - #24,000 Accrued e...
Given: Rent..............N10,000 Rates.............N5,000 Capital...........N50,000 Salaries.......
Bariga, a stock broker bought stationery for N 12000 by cash. To record this transaction, debit? ...