Home » Past Questions » Accounts » Use the following information to answer the given question:\(\begin{array}{c|c} & ₦ \\ \hline \text{Prime cost} & 4,000\\ \text{Factory overheads} & 6,000\\ \text{Stock on 1/1/09 work-in-progress} & 1,000\\ \text{Stock on 31/12/09 work-in-progress} & 2,000 \\ \text{Returns inwards} & 800 \\ \text{Sales} & 20,000\end{array}\)Cost of production is...

Use the following information to answer the given question:\(\begin{array}{c|c} & ₦ \\ \hline \text{Prime cost} & 4,000\\ \text{Factory overheads} & 6,000\\ \text{Stock on 1/1/09 work-in-progress} & 1,000\\ \text{Stock on 31/12/09 work-in-progress} & 2,000 \\ \text{Returns inwards} & 800 \\ \text{Sales} & 20,000\end{array}\)Cost of production is...


Question

Use the following information to answer the given question:

\(\begin{array}{c|c} & ₦ \\ \hline \text{Prime cost} & 4,000\\ \text{Factory overheads} & 6,000\\ \text{Stock on 1/1/09 work-in-progress} & 1,000\\ \text{Stock on 31/12/09 work-in-progress} & 2,000 \\ \text{Returns inwards} & 800 \\ \text{Sales} & 20,000\end{array}\)

Cost of production is

Options

A) ₦10,000

B) ₦9,000

C) ₦8,000

D) ₦6,000

The correct answer is B.


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