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Question on: JAMB Accounting - 2019

Use the following Information to answer this question.


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

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Correct Option: A

Costs

  • Cost of raw materials
  • Manufacturing Wages
  • Direct expenses

152,600
52,860
12,500

Total 220,480

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