Question on: JAMB Accounting - 2005
Use the information below to answer questions
Purchase:..Raw materials.................N15 000
Finished goods...........................N11 400
Stock:....(1/7/01)Raw materials..........N2 250
Work-in-progress.........................N1 875
Wages:.....Direct........................N17 100
Indirect.................................N5 400
Stock:.....(30/06/02)Raw materials.......N3 000
Work-in-progress.........................N3 375
What is the cost of manufactured goods?
A
N49 125
B
N48 750
C
N37 625
D
N35 250
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Correct Option: D
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