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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
A.

220,480

B.

213,480

C.

200,480

D.

190,000

View answer & explanation

Correct answer is A

 


Cost of Raw material consumed
Manufacturing Wages
Direct expenses		 ₦
152,600
52,860
12,500
  220,480

 

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