| Stock of finished goods: Jan 1st Dec 31st Stock of Raw materials: Jan 1st Dec 31st Purchase of Raw Materials Manufacturing Wages Depreciation: Factory equipment Direct expenses Factory Fuel Carriage inwards on Raw Materials |
₦ 50,640 71,380 32,160 29,640 145,000 52,000 16,500 12,500 7,000 7,000 |
Cost of raw materials consumed is
₦53,000
₦150,000
₦152,120
₦148,120
Correct answer is C
| ₦ | ₦ | |
| Opening stock of raw materials Purchase of Raw material Carriage Inwards |
145,600 7000 |
32,160 |
less closing stock |
184,760 29,640 |
|
| Cost of Raw materials consumed | 155,120 |
Subscription in advance is treated in the balance sheet under ...
Use the following to answer the given question \(\begin{array}{c|c} & N \\ \hline sales &am...
The unit which keeps government's books of accounts is the ...
Cost of rent as an expense can be apportioned to all department on the basis of: ...
A subsidiary record is a book ...
The transfer of money from one sub-head to another in the public sector is ...
Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hli...
Use the following information to answer the given question: SALES LEDGER CONTROL ACCOUNT \(\begi...